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On July 1, Shady Creek Resort borrowed $400,000 cash by signing a 10-year, 11% installment note requiring equal payments each June 30 of $67,921. What

On July 1, Shady Creek Resort borrowed $400,000 cash by signing a 10-year, 11% installment note requiring equal payments each June 30 of $67,921. What amount of interest expense will be included in the first annual payment

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