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Sultan Co. borrows $215,000 cash on November 1, 2017, by signing a 180-day, 9% note with a face value of $215,000. 1. On what date

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Sultan Co. borrows $215,000 cash on November 1, 2017, by signing a 180-day, 9% note with a face value of $215,000. 1. On what date does this note mature? (Assume that February has 28 days) April 25, 2018 April 26, 2018 O April 27, 2018 April 28, 2018 April 30, 2018 2. & 3. What is the amount of interest expense in 2017 and 2018 from this note? (Use 360 days a year. Round final answers to the neorest whole dollor.) Total through maturity Interest Interest Expense 2017 Expense 2018 5 215.000 $ 9% 215.000 $ 9% 215,000 9% Principal Rate(%) Time Total interest 180/360

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