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Snakes with Cakes Inc. took out a loan of $10,000 on November 1st. The Loan is due in 5 months and the interest rate charged

Snakes with Cakes Inc. took out a loan of $10,000 on November 1st. The Loan is due in 5 months and the interest rate charged on the loan is 9%. What would Snakes with Cakes record as their interest expense at the end of November for this loan?

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