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1. Conner Company borrows $203,600 cash on November 1, 2013, by signing a 120-day, 9% note. What is the total amount of interest that Conner

1. Conner Company borrows $203,600 cash on November 1, 2013, by signing a 120-day, 9% note. What is the total amount of interest that Conner will recognize for this note?

$6,108

$6,024

$18,324

$2,036

$0, no interest expense is recognized

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