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Novak Corp. has a 30-day note that carries an annual interest rate of 10%. If the amount of the total interest on the note is

Novak Corp. has a 30-day note that carries an annual interest rate of 10%. If the amount of the total interest on the note is equal to $420, then what is the principal of the note?

$36600

$600

$4200

$16800

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