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Laura's Book Shoppe Is Going to Borrow $50,000 for 90

Question 62

Multiple Choice

Laura's Book Shoppe is going to borrow $50,000 for 90 days at an annual rate of 9%. The amount of interest owing in 90 days will be

A) $4500.00
B) $1109.59
C) $1125.00
D) Can't calculate with the information given.

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