Sunlight Growers borrows $250,000 from a bank at a 4% annual interest rate. The loan is due
Question:
Sunlight Growers borrows $250,000 from a bank at a 4% annual interest rate. The loan is due in three months. At the end of the three months, the company pays the amount due in full. How much did the company remit to the bank?
A. $250,000
B. $10,000
C. $252,500
D. $2,500
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Related Book For 
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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