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Kate gives a 79-day, 10 percent note, to Windsor Company in the amount of $10,000. Which of the following is the interest to be paid
Kate gives a 79-day, 10 percent note, to Windsor Company in the amount of $10,000. Which of the following is the interest to be paid on the note at maturity? Assume a 360-day year. (Round your answer to the nearest dollar.)
a.$1,033
b.$797
c.$4,557
d.$219
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