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Currie Company borrowed $15,000 from the Sierra Bank by issuing a 9% three-year note. Currie agreed to repay the principal and interest by making annual
Currie Company borrowed $15,000 from the Sierra Bank by issuing a 9% three-year note. Currie agreed to repay the principal and interest by making annual payments in the amount of $4,521. Based on this information, the amount of the interest expense associated with the second payment would be:(Round your answer to the nearest dollar) |
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