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On January 1, 2017, Jackson Company issued a $106,900 installment note. The note had a...

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Accounting

On January 1, 2017, Jackson Company issued a $106,900 installment note. The note had a 5-year term and a 10 percent interest rate. Jackson agreed to repay the principal and interest in annual payments of $35,181 at the end of each year.

What is the 2018 interest expense

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