Multiple Choice
DeNova Real Estate signed a four-month note payable in the amount of $40,000 on May 1.The note requires interest at an annual rate of 6%.The amount of interest to be accrued at the end of May is:
A) $2,400.
B) $600.
C) $200.
D) $450.
Correct Answer:
Verified
Correct Answer:
Verified
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