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On January 2, 20x5, Clair inc. signed a 9% mortgage payable for 200,000 with equal monthly payments of 2,400. When Clair makes the first payment,

On January 2, 20x5, Clair inc. signed a 9% mortgage payable for 200,000 with equal monthly payments of 2,400. When Clair makes the first payment, how much interest expense will be reported

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