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On September 30, 2020, LAX, LLC signed a 5.5% note with State Bank for $9,000,000. The note is due with interest 15 months later. 1.

On September 30, 2020, LAX, LLC signed a 5.5% note with State Bank for $9,000,000. The note is due with interest 15 months later.

1. Calculate the total interest expense for the note:

Principal Rate Term (months) Interest exp.

- 0.0% - $. -

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