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Michigan Bank lends Detroit Fumiture Company $110,000 on December 1. Detroit Furniture Company signs a $110,000,6%,4-month note. The total cash paid for interest (only) at
Michigan Bank lends Detroit Fumiture Company $110,000 on December 1. Detroit Furniture Company signs a $110,000,6%,4-month note. The total cash paid for interest (only) at maturity of the note is: (Round your final answer to the nearest dollar.) A. $6,600 B. $1,100 C. $4,400 D. $2,200
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