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The total interest charged on a $300,000 note payable, at the rate of 8%, on...

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Accounting

The total interest charged on a $300,000 note payable, at the rate of 8%, on a 60-day note would be:

Select one:

a. $17,776.

b. $6,000.

c. $24,000.

d. $4,000.

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