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Testbank Multiple Choice Question 93 Marigold Corp. borrowed $406000 on April 1. The note requires interest at 12% and principal to be paid in one

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Testbank Multiple Choice Question 93 Marigold Corp. borrowed $406000 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? $36540. $48720. O $32480. O $0

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