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On October 1, 2020, Jewelry Specialists Company made a loan to one of its customers. The customer signed a 6-month note for $100,000 at
On October 1, 2020, Jewelry Specialists Company made a loan to one of its customers. The customer signed a 6-month note for $100,000 at 15%. Calculate the total interest earned on the note. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar) A) $7500 B) $3750 C) $1250 D) $15,000
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
16th edition
1118742974, 978-1118743201, 1118743202, 978-1118742976
