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On August 1, 2013, Noll Corporation borrowed $200,000 from BEST bank by signing a 6%, 9-month note payable which has a due date of April

On August 1, 2013, Noll Corporation borrowed $200,000 from BEST bank by signing a 6%, 9-month note payable which has a due date of April 30, 2014. Nolls 2014 interest expense on this note is:

A) $12,000

B) $7,000

C) $5,334

D) $4,000

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