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On March 1st, 2022 a company takes out a bank loan with a 12%annual interest rate. The loan principle is $1,000. Both interestand principle are

On March 1st, 2022 a company takes out a bank loan with a 12%annual interest rate. The loan principle is $1,000. Both interestand principle are due on March 1st, 2023. On the 2022 incomestatement ( 2 answers

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