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  3. 15 currie company borrowed $20,000 from sierra ban

15 Currie Company borrowed $20,000 from Sierra Bank by issuing a 10% three year note....

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Accounting

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15 Currie Company borrowed $20,000 from Sierra Bank by issuing a 10% three year note. Currie agreed to repay the principal and interest by making annual payments in the amount of $8,042. Based on this information, what is the amount of the interest expense associated with the second payment? (Round your answer to the nearest dollar.) 5.4 points Multiple Choice 01:08:53 O $730 o $1,396 O $2,000 O $8,042

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