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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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