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    Exam 14: Notes Receivable and Notes Payable
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    In the Interest Calculation Formula, Time Is Expressed
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In the Interest Calculation Formula, Time Is Expressed

Question 33

Question 33

Multiple Choice

In the interest calculation formula, time is expressed:


A) in days only.
B) in years or fraction of a year.
C) in months only.
D) in years only.

Correct Answer:

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