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A 1-Year,$15,000,12 Percent Note Is Signed on April 1

Question 46

Multiple Choice

A 1-year,$15,000,12 percent note is signed on April 1.If the note is repaid on September 1 of the same year,how much interest expense is incurred?

A) $1,800
B) $900
C) $750
D) $600

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