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Bramble Corp, has a 60 -day note that carries an annual interest rate of 10%. If the amount of the total interest on the note

Bramble Corp, has a 60 -day note that carries an annual interest rate of 10%. If the amount of the total interest on the note is equal to $840, then what is the principal of the note? (Use 360 days for calculation.) $50400 $60480 $10500 $26880

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