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On December 16, 2016, the ACE Corporation purchases $15,000 of equipment by issuing a 30day, 12% note payable. The total amount of interest due on

On December 16, 2016, the ACE Corporation purchases $15,000 of equipment by issuing a 30day, 12% note payable. The total amount of interest due on the note is:

$147.95

$1,800.00

$800.00

$73.97

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