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On May 1, 2020 Robin Hood borrowed $100,000 from the Nottingham National Bank at 12% on a two-year term loan. How much interest will have

On May 1, 2020 Robin Hood borrowed $100,000 from the Nottingham National Bank at 12% on a two-year term loan. How much interest will have accrued by December 31, 2020? Multiple Choice 58,000 $12.000 524 000 O S4,000

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