Question: Camp Patrick obtains a $325,000, 8%, six-year loan for a new camp bus on January 1, 2021. How much interest expense did they recognize with

Camp Patrick obtains a $325,000, 8%, six-year loan for a new camp bus on January 1, 2021. How much interest expense did they recognize with their first payment on January 31, 2021? (round your answer to the nearest dollar) O $2, 167. $2,600. $2,417. $1,001

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