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Ranger Company's $30,000 10-year note payable has a 9% annual interest rate. Ranger Company borrowed the money from the bank on February 1, 2022. How
Ranger Company's $30,000 10-year note payable has a 9% annual interest rate. Ranger Company borrowed the money from the bank on February 1, 2022. How much interest would the company record on its income statement for the year 2022 (January 2022 - December 31st 2022)? Round to the nearest dollar
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