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Sheridan Company has a 9 0 - day note that carries an annual interest rate of 8 % . If the amount of the total

Sheridan Company has a 90-day note that carries an annual interest rate of 8%. If the amount of the total interest on the note is equal to $360, then what is the principal of the note? (Use 360 days for calculation.)
$18000
$11520
$4500
$25920
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