Business, 12.02.2022 14:00 LuluMathLover101

The City of Pawnee borrowed $400,000 on November 1, 2021 by getting a 12-month loan bearing interest at 6%. Interest is payable in full at maturity on October 31, 2022. In connection with this loan, how much interest payable should be reported at December 31, 2021: (Round your final answers to the nearest whole dollar.)

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The City of Pawnee borrowed $400,000 on November 1, 2021 by getting a 12-month loan bearing interest...

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