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    Exam 16: Notes Payable and Notes Receivable
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    The Interest on a $20,000 Face Value, 90-Day Note That
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The Interest on a $20,000 Face Value, 90-Day Note That

Question 67

Question 67

Multiple Choice

The interest on a $20,000 face value, 90-day note that bears interest at 9 percent is?


A) $300
B) $450
C) $900
D) $1,800

Correct Answer:

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