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Sheffield Corp. borrowed $414000 on April 1. The note requires interest at 10% and principal to be paid in one year. How much interest is

Sheffield Corp. borrowed $414000 on April 1. The note requires interest at 10% and principal to be paid in one year. How much interest is recognized for the period from April 1 to December 31?

a. $31050.

b. $27600.

c. $0.

d. $41400.

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