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On March 1 of the current year, Robbie, a sole proprietor, signed a note for $10,800 to buy a computer for use in his business.
On March 1 of the current year, Robbie, a sole proprietor, signed a note for $10,800 to buy a computer for use in his business. Robbie received $9,504 and agreed to pay Bowser's Loans, Inc., $900 a month for 12 months beginning August 1 of the same year. How much interest can Robbie deduct in the current year assuming he made all required payments on time?
$0
$540
$1,080
$1,296
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