Currie Company borrowed $26,000 from Sierra Bank by issuing a 11% three year note. Currie agreed to repay the principal and interest bymaking annual payments in the amount of $5,621, Based on this information, what is the amount of the interest expense associated with the secondpayment?

Sep 8, 2023

Currie Company borrowed $26,000 from Sierra Bank by issuing a 11% three year note. Currie agreed to repay the principal and interest bymaking annual payments in the amount of $5,621, Based on this information, what is the amount of the interest expense associated with the secondpayment?

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Currie Company borrowed $26,000 from Sierra Bank by issuing a 11% three year note. Currie agreed to repay the principal and interest bymaking annual payments in the amount of $5,621, Based on this information, what is the amount of the interest expense associated with the secondpayment?
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