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XYZ Rehabilitation Center borrows $150,000 for the first quarter of 2018 at a 6 percent annual interest rate. How much interest will XYZ Rehabilitation Center

XYZ Rehabilitation Center borrows $150,000 for the first quarter of 2018 at a 6 percent annual interest rate. How much interest will XYZ Rehabilitation Center pay for the loan?

Select one:

a. $3,125

b. $9,000

c. $3,000

d. $2,250

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