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    Exam 9: Receivables
  5. Question
    Calculate the Interest on a 90-Day, 9% Note for $36,000
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Calculate the Interest on a 90-Day, 9% Note for $36,000

Question 18

Question 18

Multiple Choice

Calculate the interest on a 90-day, 9% note for $36,000. (Use a 360-day year to compute interest.)


A) $720
B) $810
C) $880
D) $460

Correct Answer:

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