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QUESTION 6 The calculation of the interestdue on a short-term notes payable, 60-day, 12% interest, $500 note payable would be: $500 x 12% x 60/360

QUESTION 6 The calculation of the interestdue on a short-term notes payable, 60-day, 12% interest, $500 note payable would be: $500 x 12% x 60/360 - $10 True False

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