Question: ABC Company signed a 5-year note payable for $80,000 at 9% annual interest. The interest expense for December 31, 2012 if the note was signed

ABC Company signed a 5-year note payable for $80,000 at 9% annual interest. The interest expense for December 31, 2012 if the note was signed on May 1, 2012 is dollar ?

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