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A Company Receives a Note Payable for $5,000 at 10

Question 13

Multiple Choice

A company receives a note payable for $5,000 at 10% for 50 days. How much interest (to the nearest cent) will the customer owe?

A) $10.00
B) $500.00
C) $68.49
D) $1.36
E) $86.49

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