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    College Accounting
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    Exam 14: Notes Receivable and Notes Payable
  5. Question
    Given a 360-Day Year,the Interest Expense on a $7,300,8%,77-Day Promissory
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Given a 360-Day Year,the Interest Expense on a $7,300,8%,77-Day Promissory

Question 72

Question 72

Multiple Choice

Given a 360-day year,the interest expense on a $7,300,8%,77-day promissory note payable is:


A) $584.00.
B) $459.09.
C) $124.91.
D) some other amount.

Correct Answer:

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