Firewood, Inc signed a three year note payable for $ 5 9 , 0 0 0 at 7 annual interest What is the interest expense for 2 0 2 4 if the note was signed on August 1 , 2 0 2 4

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Firewood, Inc. signed a three - year note payable for $ 5 9 , 0 0 0 at 7 % annual interest. What is the

Firewood, Inc. signed a three

-

year note payable for $

59, 000

7 %

annual interest. What is the interest expense for

2024

if the note was signed on August

1, 2024 ?

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