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On January 2,20x5,Clair Inc

Question 45

Multiple Choice

On January 2,20x5,Clair Inc.signed a 9% mortgage payable for $200,000 with equal monthly payments of $2,400.When Clair makes the first payment,how much interest expense will be recorded?


A) $0
B) $1,500.
C) $18,000.
D) $750.

Correct Answer:

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