A Company signed a $150,000 mortgage on July 1 2018 for the purchase of their new garage building. Mortgage entailed equal monthly payments of $2,000 at the end of each month.
A Company signed a $150,000 mortgage on July 1 2018 for the purchase of their new garage building. Mortgage
entailed equal monthly payments of $2,000 at the end of each month. Interest rate is 3.5% per year. How much interest expense will be paid on August 31, 2018?
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