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XYZ Inc. has a December 31 fiscal year end. On March 1, 2020, XYZ Inc. borrowed 930000 at 11 percent annual interest repayable on March

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XYZ Inc. has a December 31 fiscal year end. On March 1, 2020, XYZ Inc. borrowed 930000 at 11 percent annual interest repayable on March 1, 2026. The company has no other liabilities that it has to pay interest on. Calculate interest expense for the year ended December 31, 2020. Round your answer to the nearest dollar. Your

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