Question: Devonshire Company borrowed $ 2 8 8 , 0 0 0 cash on April 1 , 2 0 2 2 , and signed a one

Devonshire Company borrowed $288,000 cash on April 1,2022, and signed a one-year, 9% interest-bearing note payable. The interest and principal are both due on March 31,2023. What is the amount to be paid to the bank on March 31,2023 for interest and principal?
Multiple Choice
$313,920.
$305,280.
$288,000.
$294,480
Devonshire Company borrowed $288,000 cash on April 1,2022, and signed a

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