On September 1, Year 1, West Company borrowed $26,000 from Valley Bank. West agreed to pay interest annually at the rate of 9% per year. The note issued by West carried an 18-month term. West Company has a calendar year-end. What is the amount of interest expense that will be reported on West's income statement for Year 1?
A. $234
B. $585
C. $780
D. $0
Answer: C
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For the standard normal probability distribution, what percent of the curve lies to the left of the mean?