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Maywood Company Recently Signed a $350,000,six-Month Note on August 22,2019

Question 152

Multiple Choice

Maywood Company recently signed a $350,000,six-month note on August 22,2019.The interest rate is 7%.How much interest will be due at maturity?

A) $10,208
B) $24,500
C) $12,250
D) $8167

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