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On April 1, 2022, Nickel Inc. obtained a $195,000 loan from a bank. The loan specifies a 6% interest rate, which will be due every

On April 1, 2022, Nickel Inc. obtained a $195,000 loan from a bank. The loan specifies a 6% interest rate, which will be due every March 31 starting on March 31, 2023. How much interest expense will Nickel Inc. disclose for 2023?

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