Given a 360-Day Year,the Interest Expense on a $7,300,8%,77-Day Promissory

question 72

Multiple Choice

Given a 360-day year,the interest expense on a $7,300,8%,77-day promissory note payable is:

• A)$584.00.
• B)$459.09.
• C)$124.91.
• D)some other amount.

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