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A Company Lends Its Supplier $150,000 for 3 Years at a 6

Question 218

Multiple Choice

A company lends its supplier $150,000 for 3 years at a 6% annual interest rate.Interest payments are to be made twice a year.Each interest payment will be for:


A) $9,000
B) $13,500
C) $4,500
D) $27,000

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