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Assuming a 3 6 0 - day year, when a $ 1 4 , 0 0 0 , 9 0 - day, 1 2 %

Assuming a 360-day year, when a $14,000,90-day, 12% interest-bearing note payable matures, the total payment will be
a. $14,420
b. $420
c. $1,680
d. $15,680

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