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Calculate the total interest earned on the note

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Problem 1: On October? 1, 2025, Jewelry? Specialists, Inc. made a loan to one of its customers. The customer signed a 6-month note for $110,000 at 11?%. Calculate the total interest earned on the note.? (Round any intermediate calculations to two decimal?places, and your final answer to the nearest? dollar.)

a. 12,100
b. 6,050
c. 1,008
d. 3,024

 

Reference no: EM132957898

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