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On July 1, 20x4, you borrow $4571743 from a bank. The bank requires that you...

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Accounting

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On July 1, 20x4, you borrow $4571743 from a bank. The bank requires that you repay the loan as follows: each 6 months, one-tenth of the principal balance must be repaid plus interest. The interest rate on the loan is 6%. What is the interest expense for the year ended December 31, 20x4? Select one: Oa. $205728 Ob. $5216867 c. $274305 O d. $137152 Check

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