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The interest charged on a $350,000 note payable, at the rate of 6%, for a...

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Question

Accounting

The interest charged on a $350,000 note payable, at the rate of 6%, for a year would be

a.

$10,500

b.

$21,000

c.

$5,250

d.

$1,750

Answer & Explanation Solved by verified expert
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