Multiple Choice
[The following information applies to the questions displayed below.]
On November 1,Year 1,Noble Co.borrowed $80,000 from South Bank and signed a 12%,six-month note payable,all due at maturity.The interest on this loan is stated separately.
-How much must Noble pay South Bank on May 1,Year 2,when the note matures?
A) $4,800
B) $80,000.
C) $89,600.
D) $84,800.
Correct Answer:
Verified
Correct Answer:
Verified
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