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Question 1 (of 7) alue 071 points MC Qu.68 A one-year note is signed.. A oneyear $17,400, 12% note is signed on April 1

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Question 1 (of 7) alue 071 points MC Qu.68 A one-year note is signed.. A oneyear $17,400, 12% note is signed on April 1 " the note is repaid on August 1 of the same year how much interest expense is incurred? (Do not round intermediate colculations) O $522 $870 O $2.088 O $696 References Multiple Choice

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