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Assuming a 360-Day Year, When a $50,000, 90-Day, 9% Interest-Bearing

Question 34

Multiple Choice

Assuming a 360-day year, when a $50,000, 90-day, 9% interest-bearing note payable matures, the total payment will be

A) $51,125
B) $54,500
C) $1,125
D) $4,500

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