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On January 1, Oscar Corp. borrows $300,000 from Wells Fargo, signing an eight-month note payable, the interest is be computed at a rate of 12
On January 1, Oscar Corp. borrows $300,000 from Wells Fargo, signing an eight-month note payable, the interest is be computed at a rate of 12 percent per annum. How much interest should be paid on August 31?
$324,000
$24,000
$12,000
$36,000
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