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Business, 15.05.2021 04:50 cheesy2271

Waterway Company borrowed $950000 from BankTwo on January 1, 2020 in order to expand its mining capabilities. The five-year note required annual payments of $257042 and carried an annual interest rate of 10%. What is the amount of interest expense Waterway must recognize on its 2021 income statement

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Waterway Company borrowed $950000 from BankTwo on January 1, 2020 in order to expand its mining capa...
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