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California Bank lent $200,000 to Sacramento Company on a six-month, 8% note. How much interest will these organizations record one month after Sacramento Company signs
California Bank lent $200,000 to Sacramento Company on a six-month, 8% note. How much interest will these organizations record one month after Sacramento Company signs the note? (Round your answer to the nearest cent.) I said it was $2,666.67 because I did 8% divided by 6 months and multiplied that by the principle, but it said I was incorrect
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