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    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 23: Understanding Time Value of Money Formulas and Concepts
  5. Question
    Simple Interest on a $25,000, 8%, 18-Month Note Is
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Simple Interest on a $25,000, 8%, 18-Month Note Is

Question 124

Question 124

Multiple Choice

Simple interest on a $25,000, 8%, 18-month note is


A) $22,000.
B) $23,000.
C) $3,000.
D) $2,000.

Correct Answer:

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