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Trevon's Delivery Service obtained a $25,000, 6%, 4-year installment loan on January 1, 2021 to purchase a delivery truck Payments of $587.13 are due at
Trevon's Delivery Service obtained a $25,000, 6%, 4-year installment loan on January 1, 2021 to purchase a delivery truck Payments of $587.13 are due at the end of each month for 48 months. How much will be recorded for interest expense for first payment on January 31, 2021? O $58713 O $125.00 $462.13 O $1,500.00
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