Jasper makes a $25,000, 90-day, 7% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is: (Use 360 days a year.)

A. $145.83.
B. $1,750.
C. $875.00.
D. $19.44.
E. $437.50.


Answer: E

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Answer the following statement true (T) or false (F)

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