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Jasper makes a $47,000, 90-day, 7.5% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is: (Use 360

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Jasper makes a $47,000, 90-day, 7.5% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is: (Use 360 days a year.) Multiple Choice $293.75. $3,525 $1,762.50. $3917 $881.25

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