Megan Farms Received a Promissory Note from a Customer on March

question 108

Multiple Choice

Megan Farms received a promissory note from a customer on March 1,2014.The face amount of the note is $8,000;the terms are 90 days and 9% interest. What is the total amount of interest that Megan Farms will receive when the note is paid?

• A)$ 60
• B)$ 90
• C)$180
• D)$720

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A broad and fundamental principle or set of principles intended to explain a major phenomenon or field of study.

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The level of employment where all who are willing and able to work at current wage rates are employed; often considered an indication of an economy's health.

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