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Shangrov Company prepared a promissory note with a face value of $85,000, payable after 90 days, at a rate of 19%. Calculate the interest amount
Shangrov Company prepared a promissory note with a face value of $85,000, payable after 90 days, at a rate of 19%. Calculate the interest amount of the promissory note. Assume 365 days in a year. (Round to the nearest dollar.)
a.$1,195
b.$16,592
c.$3,982
d.$1,754
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