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Tesla Car borrows $5000 from the bank at an interest rate of 8% on June 30, 2019. The loan has a 2 year maturity. What

Tesla Car borrows $5000 from the bank at an interest rate of 8% on June 30, 2019. The loan has a 2 year maturity. What is the amount of interest expense in 2020 on this loan? Select one: a. $400 b. $200 c. $600 d. $800

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