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Transaction #19 date: 7-15-2023 Sam pays off his short-term operation loan. The loan originated on October 15, 2022 and has a 4% annual interest rate.

Transaction #19

date: 7-15-2023

Sam pays off his short-term operation loan. The loan originated on October 15, 2022 and has a 4% annual interest rate.

The Payment includes a $30,000 principal portion plus interest. The interest expense needs to be calculated. Remember to adjust for 9 months

this is for farm accounting

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