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    College Accounting Study Set 1
  4. Exam
    Exam 14: Notes Receivable and Notes Payable
  5. Question
    Interest Calculated for One Year on a $8,000,6% Promissory Note
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Interest Calculated for One Year on a $8,000,6% Promissory Note

Question 126

Question 126

Multiple Choice

Interest calculated for one year on a $8,000,6% promissory note is:


A) $4.80.
B) $480.
C) $48.
D) some other amount.

Correct Answer:

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