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Business, 29.10.2019 22:31 Jaedenaleinson

If there is a cash shortage, the company borrows money. if a surplus occurs funds are used to repay loans or to invest in short-term assets. all borrowing, repayments, and interest payments occur on the last day of the month. the interest rate is 1% per month. the company had no debt before january 1st. the amount of interest expense incurred for january is:

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