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  3. a company receives a 10%, 90-day note for $5,100.

A company receives a 10%, 90-day note for $5,100. The total interest due on the...

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Question

Accounting

A company receives a 10%, 90-day note for $5,100. The total interest due on the maturity date is: (Use 360 days a year.)

Multiple Choice

  • $170.00.

  • $510.00.

  • $297.50.

  • $127.50.

  • $255.00.

Answer & Explanation Solved by verified expert
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