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  • 10-04-2024
  • Business
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Jasper makes a $47,000, 90-day, 7.5% cash loan to Clayborn Company. The amount of interest that Jasper will collect on the loan is: (use 360 days a year.)
a) $1,237.50
b) $1,275.00
c) $1,850.00
d) $2,325.00

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