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A company borrowed $15,000 by signing a 120-day promissory note at 10%. The total interest due on the maturity date is: (Use 360 days a

A company borrowed $15,000 by signing a 120-day promissory note at 10%. The total interest due on the maturity date is: (Use 360 days a year.)

Multiple Choice

  • $50.00

  • $500.00

  • $1,500.00

  • $750.00

  • $250.00

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