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Novak Corp. has a 60-day note that carries an annual interest rate of 8%. If the amount of the total interest on the note

Novak Corp. has a 60-day note that carries an annual interest rate of 8%. If the amount of the total interest on the note is equal to $780, then what is the principal of the note? (Use 360 days for calculation.) O $24960 O $56160 $9750 O $58500 Save for Later Attempts: 0 of 1 used Submit Answer

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