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The Latsyrc Corporation borrowed $5,000,000 on June 26 by signing a 30-day, 8% note. The loan and interest are to be paid on July 25.
The Latsyrc Corporation borrowed $5,000,000 on June 26 by signing a 30-day, 8% note. The loan and interest are to be paid on July 25. What is the dollar amount of the company's June interest expense for the loan? | |
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