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Leach Company borrowed $70,000 cash by issuing a note payable on June 1, Year 1. The note had an 6 percent annual rate of interest

Leach Company borrowed $70,000 cash by issuing a note payable on June 1, Year 1. The note had an 6 percent annual rate of interest and a one-year term to maturity. Required a. What amount of interes 1 answer

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