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Currie Company borrowed $ 2 3 , 0 0 0 from Sierra Bank by issuing a 1 1 % three - year note. Currie agreed

Currie Company borrowed $23,000 from Sierra Bank by issuing a 11% three-year note. Currie agreed to repay the principal and interest by making annual payments in the amount of $9,412. Based on this information, what is the amount of the interest expense associated with the second payment?
Note: Round your answer to the nearest dollar.
Multiple Choice
$1,671
$2,530
$9,412
$1,773

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