on december 1 2024 the company borrowed $45000 from Bank of America by signing a 15 year
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Question:
on december 1 2024 the company borrowed $45000 from Bank of America by signing a 15 year 6% note. The note requires annual payments of $4633 beginning december 1 2025. As of December 31 2024, how do i accrue the interest if needed on the note signed on december 1 2024
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