Multiple Choice
A $10,000, 5% note is dated July 6 and is due in 120 days. Using a 360-day year, the interest payment would be: (Do not round any intermediate calculations. Round your final answer to the nearest dollar.)
A) $250.
B) $500.
C) $333.
D) $167.
Correct Answer:
Verified
Correct Answer:
Verified
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