Question
Asked Dec 12, 2019
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The interest charged on a $350,000 note payable, at the rate of 6%, on a 60-day note would be

Group of answer choices
$21,000
$10,500
$5,250
$3,500
 
 
 
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Expert Answer

Step 1

Notes Payable:

 

Notes payable is a debt agreement between two parties. Under this agreement, a borrower will borrow certain amount of ...

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