The interest charged on a $50,000 note payable, at the rate of 6%, on a 60-day note would be
a. $3,000.
b. $1,667.
c. $750.
d. $500.
Answer: d. $500. (50000.06(60/360))
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Answer the following statement true (T) or false (F)
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Fill in the blank(s) with correct word
____ are facts and figures in raw form.
A. Data B. Information C. Objectives D. Goals