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Compute the Interest Expense for the Year Ended Dec-31-2016; Our Business Borrowed $60,000 on August-1-2016...

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Accounting

Compute the Interest Expense for the Year Ended Dec-31-2016; Our Business Borrowed $60,000 on August-1-2016 on a 5-Year Loan at 9% Interest Rate. Show your answer as a number only, no commas, no dollar signs, no decimals.

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