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If interest is compounded annually, the total amount of interest on an $18,000 note payable for 4 years at 10% is: a. $8,500 b. $8,352

If interest is compounded annually, the total amount of interest on an $18,000 note payable for 4 years at 10% is:

a. $8,500

b. $8,352

c. $7,200

d. $5,706

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