Ware agreed to an annual interest rate

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Reference no: EM131256731

Ware Company borrowed $10,000 on September 1, Year8 from the National Bank. Ware agreed to an annual interest rate of 6%. All interest and principle is due after 3 years. Based on this information, what is interest payable on the balance sheets as of 12/31/Year8?

Do not include any punctuation of any kind. Just type a number. Round to the nearest dollar, as needed.

Reference no: EM131256731

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