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Your company purchased a truck in December 2017. The terms were 72 monthly payments, 3% (Compounded), amount financed was $15,000 and the truck will be

Your company purchased a truck in December 2017. The terms were 72 monthly payments, 3% (Compounded), amount financed was $15,000 and the truck will be paid off at the end of the note.

You are doing the financials for February 2020. What is the interest expense for February 2020?

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