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Oriole Company has a 30-day note that carries an annual interest rate of 8%. If the amount of the total interest on the note is

Oriole Company has a 30-day note that carries an annual interest rate of 8%. If the amount of the total interest on the note is equal to $660, then what is the principal of the note? (Use 360 days for calculation.)

$8250

$99000

$47520

$21120

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