Question: Our company signed a 90-day 10% note for $100,000. Using a 360-day year, what is the total interest due on the maturity date? Group of

Our company signed a 90-day 10% note for $100,000. Using a 360-day year, what is the total interest due on the maturity date?

Group of answer choices

$1,250.00

$1,562.50

$1,875.00

$2,500.00

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