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Jasper makes a $49,000, 90-day, 8.5% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is: (Use 360
Jasper makes a $49,000, 90-day, 8.5% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is: (Use 360 days a year.) |
$46.28.
$2,082.50.
$4,165.
$347.08.
$1,041.25.
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