Calculate the interest for the following assume a 360-day year: a. $12,000 2% 2 years b. $19,000

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Calculate the interest for the following assume a 360-day year:

a.	$12,000	2%	2 years
b.	$19,000	9%	10 months
c.	$7,000	16%	90 days

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College Accounting A Practical Approach

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Authors: Jeffrey Slater, Mike Deschamps

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Question Posted: Feb 28, 2020 12:26 PM

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Calculate the interest for the following assume a 360-day year: a. $12,000 2% 2 years b. $19,000

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