Question: On March 1, 20Y1, Coder, Inc. issued a three-year, 12% note amounting to P1,500,000 for a machinery purchased. The note is payable in three equal

On March 1, 20Y1, Coder, Inc. issued a three-year, 12% note amounting to P1,500,000 for a machinery purchased. The note is payable in three equal annual installments of P500,000, together with any accrued interest, starting February 28, 20Y2. The market rate for similar obligations is also 12%. How much is the interest expense for 20Y2? 100,000 130,000 180,000 150,000

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