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On April 1,2017,Banne Services Received a 9-Month Note for $13,000

Question 100

Multiple Choice

On April 1,2017,Banne Services received a 9-month note for $13,000 at 11%.Calculate the amount of interest due at maturity.(Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )


A) $966
B) $1,180
C) $1,430
D) $1,073

Correct Answer:

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