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Question 22 (1 point) On August 15, Planet of the Grapes Inc. obtained a loan for $180,000 for 5 years at 4%. Payments are $2,210

Question 22 (1 point) On August 15, Planet of the Grapes Inc. obtained a loan for $180,000 for 5 years at 4%. Payments are $2,210 per month. How much interest expense is recorded with the first instalment payment? $36,000 $600 $2,210 $2,810

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