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Conner Company borrows $187,000 cash on November 1, 2013, by signing a 90-day, 6% note. What is the total amount of interest expense that Conner

Conner Company borrows $187,000 cash on November 1, 2013, by signing a 90-day, 6% note. What is the total amount of interest expense that Conner will recognize for this note?

$1,122.

$0, no interest expense is recognized.

$2,768.

$2,805.

$11,220.

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