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please answer in simplest way with steps, thanks Hert Corporation acquired a capital lease that is carried on its books at a present value of

**please answer in simplest way with steps, thanks**

Hert Corporation acquired a capital lease that is carried on its books at a present value of $100,000. The interest rate is 12%. Its annual rental payment is $15,000. What is the amount of interest expense from this lease in year 3?

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