Phoebe Company borrowed $100,000 at 8 percent interest for three months. How much interest does the company

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Phoebe Company borrowed $100,000 at 8 percent interest for three months. How much interest does the company owe at the end of three months?
a. $8,000
b. $2,000
c. $800
d. $200

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Financial Accounting

ISBN: 9781264229734

11th Edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

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Question Posted: Sep 27, 2022 03:35 AM

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Phoebe Company borrowed $100,000 at 8 percent interest for three months. How much interest does the company

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Financial Accounting

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