Multiple Choice
Amos Real Estate signed a four-month note payable in the amount of $16,000 on September 1. The note requires interest at an annual rate of 9%. The amount of interest to be accrued at the end of September is:
A) $480.
B) $120.
C) $1,440.
D) $160.
Correct Answer:
Verified
Correct Answer:
Verified
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