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D Question 4 1 pts A company borrowed $40,000 on June 30, 2019 from a bank. The bank is charging an interest rate of 10%

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D Question 4 1 pts A company borrowed $40,000 on June 30, 2019 from a bank. The bank is charging an interest rate of 10% annually. Interest is compounded quarterly. If the loan is due on September 30, 2020, and the total repayment amount is $45,257, what is the total amount of interest expense the company will incur over the whole life of the loan

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