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Alma Consulting Company signed a four- months note payable in the amount of $ 12,000...

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Accounting

Alma Consulting Company signed a four- months note payable in the amount of $ 12,000 on June 1, 2019. The amount of interest accrued at the end of four months is $440. The annual interest rate on this note is: Select one: a. 8% . b. 11%. c. 10%. d. 9%.

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