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Minneapolis Mills has $13,000,000 of debt outstanding as of March 31, 2020. The interest rate...

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Accounting

Minneapolis Mills has $13,000,000 of debt outstanding as of March 31, 2020. The interest rate on the debt is 4%. Its last debt payment was on March 31 and its next payment is due on June 30, 2020. What is the amount of interest expense to accrue as of May 31, 2020?

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