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Help please On January 1st, Midwestern Electric purchased an industrial furnace by signing an 8-year, $150,000, non-interest bearing note. If the appropriate rate of interest

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On January 1st, Midwestern Electric purchased an industrial furnace by signing an 8-year, $150,000, non-interest bearing note. If the appropriate rate of interest to discount this note is 6%, compute the total amount of interest expense that Midwestern will record over the 8 years related to this transaction.

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