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*** Question 6 of 15 View Policies Current Attempt in Progress -/3.5 E Swifty Company borrowed $710000 from BankTwo on January 1, 2020 in order
*** Question 6 of 15 View Policies Current Attempt in Progress -/3.5 E Swifty Company borrowed $710000 from BankTwo on January 1, 2020 in order to expand its mining capabilities. The five-year note required annual payments of $192105 and carried an annual interest rate of 10%. What is the amount of interest expense Swifty must recognize on its 2021 income statement? O $45946.50. O $53109.50. O $71000.00. O $58889.50. Save for Later Attempts: 0 of 1 used Submit
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