Question: The interest charged on a $95000 note payable, at the rate of 6%, on a 90-day note would be (Use 360 days for calculation.) $950.

The interest charged on a $95000 note payable, at the rate of 6%, on a 90-day note would be(Use 360 days for calculation.)

$950.

$2850.

$5700.

$1425.

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