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Jupiter, Inc. signed a one-year $12,000 note payable at 8% interest on March 1 of the current year. How much interest expense must be


 

Jupiter, Inc. signed a one-year $12,000 note payable at 8% interest on March 1 of the current year. How much interest expense must be accrued on May 31 of the current year? (Round any intermediate calculations to two decimal places, and the final answer to the nearest whole number.)

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