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On November 1, 2021, Tim's Toys borrows $32,100,000 at 9% to finance the holiday sales season. The note is for a six-month term and both

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On November 1, 2021, Tim's Toys borrows $32,100,000 at 9% to finance the holiday sales season. The note is for a six-month term and both principal and interest are payable at maturity. What is the balance of interest payable for the loan as of December 31, 2021? Multiple Choice O $240,750. $1,444,500. 0 $481,500 $120,375

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