Multiple Choice
A company signs a note payable for $4,500 at 11% for 65 days. How much interest (to the nearest cent) will the company owe using a 360-day year? (Round your final answer to the nearest cent.)
A) $495.00
B) $88.15
C) $89.38
D) $99.21
Correct Answer:

Verified
Correct Answer:
Verified
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