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Need help with figuring the following question: A $150,000 long-term note payable was signed on August 1st of the current year. Its a five-year note
Need help with figuring the following question:
A $150,000 long-term note payable was signed on August 1st of the current year. Its a five-year note with a 7.5% interest rate. Interest expense was has not been accrued for this year. Round your answer to the nearest dollar.
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