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On October 1, 2020, Jewelry Specialists, Inc. made a loan to one of its customers. The customer signed a 6-month note for $110,000 at 11%.

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On October 1, 2020, Jewelry Specialists, Inc. made a loan to one of its customers. The customer signed a 6-month note for $110,000 at 11%. 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. $1,008 B. $6,050 C. $3,024 D. $12,100

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