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On November 1, 2020, Tuker Toys borrows $30k at 6% to finance the holiday season. The note is for a four-month term and both principal

On November 1, 2020, Tuker Toys borrows $30k at 6% to finance the holiday season. The note is for a four-month term and both principal and interest are payable at maturity. Interest expense relating to this borrowing, for the year ending December 31, 2020 is ?

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