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A company borrowed $28,000 by signing a 180-day promissory note at 6%. The total interest due on the maturity date is: (Use 360 days a

A company borrowed $28,000 by signing a 180-day promissory note at 6%. The total interest due on the maturity date is: (Use 360 days a year.)

Multiple Choice

$140.00

$420.00

$840.00

$1,260.00

$1,680.00

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