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help pls On November 1st, a company signed a 5% three-month $30,000 note payable. Interest payments will be made in the following month. How much

help pls

On November 1st, a company signed a 5% three-month $30,000 note payable. Interest payments will be made in the following month. How much is interest expense for the month of November? $375 $1,500 $125 $0

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