Solve for the indicated variable. 
for 
Definitions:
Interest Expense
The cost incurred by an entity for borrowed funds, recognized as a non-operating expense on the income statement.
Contractual Interest Rate
The agreed-upon rate of interest that is to be applied on the principal amount of loans, bonds, or other forms of debt as specified within a contract.
Market Interest Rate
The rate of interest prevailing in the market that lenders demand and borrowers pay for funds.
Contractual Interest Rate
The agreed-upon rate of interest that is to be applied to the principal amount in a financial contract.
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