Question: A 4 - month, 9 percent note payable that is paid on maturity would incur total interest of: 3 percent because the note is only

A 4-month, 9 percent note payable that is paid on maturity would incur total interest of:
3 percent because the note is only for a third of a year, and 13 of 9 percent is 3 percent.
412 percent because the note is for half a year.
There would be no interest on the note because it was held for less than a year.
9 percent because that is the stated rate of interest on the note.
A 4 - month, 9 percent note payable that is paid

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