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QUESTION 17 For the following 4 questions: The following is an interest-bearing note: $2,000 Topeka, Kansas June 15, 20X3 Sixty days after date I promise

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QUESTION 17 For the following 4 questions: The following is an interest-bearing note: $2,000 Topeka, Kansas June 15, 20X3 Sixty days after date I promise to pay to the order of Oakbrook Motel . . . . . . Two thousand and no/100 . . . . . . dollars payable at First City Bank of Topeka with an interest at 12 percent. Charles White Based on the information above, calculate interest payment. Interest = principal X rate X time * Suppose 1 year has 360 days. $20 $40 O $80

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