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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 $ from Sierra Bank by issuing a threeyear note. Currie agreed to repay the principal and interest by making annual payments in the amount of $ 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
$
$
$
$
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