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What is the total interest (360-day year) on a $1,500, 12%, 120-day note? A.$6.00 B.$60.00...

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Accounting

What is the total interest (360-day year) on a $1,500, 12%, 120-day note?

A.$6.00

B.$60.00

C.$180.00

D.$1680.00

E.None of the above

Answer & Explanation Solved by verified expert
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