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View Policies Current Attempt in Progress Swifty Corporation borrowed $660000 from Liber Bank on January 1,2019 in order to expand its mining capabilities. The five-year
View Policies\ Current Attempt in Progress\ Swifty Corporation borrowed
$660000
from Liber Bank on January 1,2019 in order to expand its mining capabilities. The five-year note required annual payments of
$178200
and carried an annual interest rate of
8.50%
. What is the amount of expense Swifty must recognize on its 2020 income statement?\
$35580
\
$45722
\
$40969
\
$56100
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