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Knoll Manufacturing lends its supplier $165,000 for 3 years at a 9% annual interest rate. Interest payments are to be made twice a year. Each

Knoll Manufacturing lends its supplier $165,000 for 3 years at a 9% annual interest rate. Interest payments are to be made twice a year. Each interest payment will be for:

Multiple Choice

$22,275.
$44,550.
$7,425.
$14,850.

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