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Jasper makes a $42,000, 90-day, 8.5% cash loan to Clayborn Company. The amount of interest that Jasper will collect on the loan is: (Use 360

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Jasper makes a $42,000, 90-day, 8.5% cash loan to Clayborn Company. The amount of interest that Jasper will collect on the loan is: (Use 360 days a year.) Multiple Choice $3,570. $297.50. $892.50. o $39.67. $1,785.00

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