Assuming the loan is based on exact interest, Victoria will pay back how much in interest expense?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Victoria Gastineau borrowed $17,000 from Pemberly Bank at a rate of 5.5% to open her lingerie shop Victoria's Confidential. The date of the loan was March 5. Victoria hoped to repay the loan on September 19. Assuming the loan is based on exact interest, Victoria will pay back how much in interest expense?

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