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On July 1, Journey Company borrowed $165,000 cash by signing a 10-year, 4% installment note requiring equal monthly payments (a total of 120 payments). How

On July 1, Journey Company borrowed $165,000 cash by signing a 10-year, 4% installment note requiring equal monthly payments (a total of 120 payments). How much interest will be included in the first month's payment (round to the nearest whole dollar)

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