How much interest expense is incurred

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Question

A one-year, $25,200, 14% note is signed on April 1. If the note is repaid on November 1 of the same year, how much interest expense is incurred? (Do not round intermediate calculations.)

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132316602

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