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On July 1, 2021, a company signs a 15-year note for an office building. Note payments of $16,457 are due every six months. The companys

On July 1, 2021, a company signs a 15-year note for an office building. Note payments of $16,457 are due every six months. The companys normal borrowing rate is 10%. How much Interest Expense will they record on 12/31/2021 (round your answer to the closest dollar).

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$20,239.

$12,649.

$10,014.

$13,665.

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