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Q8.14: Foti Co. accepts a $1,000, 3-month, 12% promissory note in settlement of an overdue account with Bartelt Co. What is the interest to be

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Q8.14: Foti Co. accepts a $1,000, 3-month, 12% promissory note in settlement of an overdue account with Bartelt Co. What is the interest to be received at the maturity date? $30 B $360 $120 D $40

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