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Jasper makes a $25,000, 90-day, 7% cash loan to Clayborn Co. The amount of interest...

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Accounting

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Jasper makes a $25,000, 90-day, 7% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is: (Use 360 days a year.) $1.750. $145.83 $437,50 $19.44 $875.00

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