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On July 0 1 , 2 0 1 0 , Lolo Inc signs a note with the bank to borrow $ 1 0 0 ,
On July Lolo Inc signs a note with the bank to borrow $ that will be repaid in full July
The note bears interest and interest payments are due each July over the life of the
note. How much interest expense will Lolo Inc recognize in
$
$
$
$
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