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    College Accounting
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    Exam 14: Notes Receivable and Notes Payable
  5. Question
    Interest Calculated for One Year on a $5,000,8% Promissory Note
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Interest Calculated for One Year on a $5,000,8% Promissory Note

Question 66

Question 66

Multiple Choice

Interest calculated for one year on a $5,000,8% promissory note is:


A) $4.
B) $40.
C) $400.
D) some other amount.

Correct Answer:

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