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Jelly company is buying a sandwhich machine from peanut butter company the original cost on january 1 , 2 0 x 3 was 4 0

Jelly company is buying a sandwhich machine from peanut butter company the original cost on january 1,20x3 was 40,000 jelly put 10% down and it making six annual payments each december 31st of 7,552.65 which include interest at 7% if jelly is properly smortizing this purchase the amount of interest paid for 20x4 second year is :

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