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n July 8 , Jones Inc. issued an $ 6 4 , 4 0 0 , 1 1 % , 1 2 0 - day
n July Jones Inc. issued an $day note payable to Miller Company. Assume that the fiscal year of Jones ends uly Using a day year, what is the amount of interest expense recognized by Jones in the current fiscal year? When required, round your answer to the nearest dollar.
a $
b $
c $
d $
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