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X corporation borrows cash by signing a $120,000, 7% nine-month note on December 1 with its local bank. The total cash paid for interest (only)

X corporation borrows cash by signing a $120,000, 7% nine-month note on December 1 with its local bank. The total cash paid for interest (only) at the maturity of the note by Lester will be
a-$6,300
b-$700
c- $8,400
d- $4,200

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