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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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