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A company receives a 5%, 90-day note for $3,000. The total interest due on the maturity date is: (Use 360 days a year.) $75.00. $87.50.
A company receives a 5%, 90-day note for $3,000. The total interest due on the maturity date is: (Use 360 days a year.) |
$75.00.
$87.50.
$150.00.
$50.00.
$37.50.
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