Question: Assuming a 360 day year, the interest charged by the bank, at the rate of 9%, on a 90 day, discounted note payable of $89,985

Assuming a 360 day year, the interest charged by the bank, at the rate of 9%, on a 90 day, discounted note payable of $89,985 is Oa. $4,050 Ob. $8,099 Oc. $2,025 Od. $89,985

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