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2. 3. Assuming 360 days per year, the interest on a $16,000, 4%, 100-day note receivable is (rounded to the nearest dollar) $640 $178 $16,178

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Assuming 360 days per year, the interest on a $16,000, 4%, 100-day note receivable is (rounded to the nearest dollar) $640 $178 $16,178 $16,640

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