RGF Manufacturing Recently Signed a $200 000, 4- Month Note

question 58

Multiple Choice

RGF Manufacturing recently signed a $200 000, 4- month note on 22 June. The interest rate is 5%. How much total interest will be due on the note?

• A)$3 833
• B)$10 000
• C)$203 780
• D)$3 333

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Definitions:

Gas Chromatograph

A sophisticated analytical instrument used to separate, identify, and quantify compounds based on their volatility.

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