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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
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    Simple Interest on a $1,250,000, 9%, 15-Month Note Is
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Simple Interest on a $1,250,000, 9%, 15-Month Note Is

Question 134

Question 134

Multiple Choice

Simple interest on a $1,250,000, 9%, 15-month note is


A) $ 90,000.
B) $112,500.
C) $140,625.
D) $168,750.

Correct Answer:

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