Purchased a truck for 28,000. Paid 5000 in cash and signed 3 year note payable for the balance. Annual interest rate on note is 5%. Interest payments are due on quarterly basis. The 1st payment is due May1. What is accrued interest owed for February
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Purchased a truck for 28,000. Paid 5000 in cash and signed 3 year note payable for the balance. Annual interest rate on note is 5%. Interest payments are due on quarterly basis. The 1st payment is due May1. What is accrued interest owed for February
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