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The TOTAL interest charged on a $75,000 note payable, at the rate of 8%, on a 3-month note would be: A. $6,000 B. $3,000 C.

The TOTAL interest charged on a $75,000 note payable, at the rate of 8%, on a 3-month note would be:

A. $6,000

B. $3,000

C. $1,500

D. $1,000

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