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Question 2 1 pts A company borrowed $40,000 on June 30, 2019 from a bank. The bank is charging an interest rate of 10% annually.

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Question 2 1 pts A company borrowed $40,000 on June 30, 2019 from a bank. The bank is charging an interest rate of 10% annually. Interest is compounded quarterly. How much interest expense will the company record on December 31, 2019? That is, what is the amount of interest expense incurred for the 3 months from September 30, 2019 to December 31, 2019

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