The interest charged on a $50,000 note payable, at the rate of 6%, on a 90-day note
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Question:
The interest charged on a $50,000 note payable, at the rate of 6%, on a 90-day note would be:
a. $3,000.
b. $1,500
c. $750.
d. $500.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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