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On January 1st, Midwestern Electric purchased an industrial furnace by signing an 8-year, $150,000, non-interest bearing note. If the appropriate rate of interest to discount

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On January 1st, Midwestern Electric purchased an industrial furnace by signing an 8-year, $150,000, "non-interest" bearing note. If the appropriate rate of interest to discount this note is 6%, compute the total amount of interest expense that Midwestern will record over the 8 years related to this transaction. S o 2511 nid b lir dsdo 0 00.00 nostot 2012 alwollot Bry d on C) 000.000 bris. tilidado ) 0000S W25912 nito Stambulbobomo

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