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A company borrowed $20,000 by signing a 90-day promissory note at 15%. The total interest due on the maturity date is: (Use 360 days a

A company borrowed $20,000 by signing a 90-day promissory note at 15%. The total interest due on the maturity date is: (Use 360 days a year.)

a. 50.00

b. 375.00

c. 750.00

d. 1125.00

e 3000.00

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