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Swifty Corporation borrowed $391000 on April 1. The note requires interest at 12% and principal to be paid in one year. How much interest is
Swifty Corporation borrowed $391000 on April 1. The note requires interest at 12% and principal to be paid in one year. How much interest is recognized for the period from April 1 to December 31?
$31280.
$46920.
$0.
$35190.
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