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What is the total interest which will accrue over the life

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Problem 1: A 60-day, 6 percent, $100,000 note to a customer, to replace the customer's $100,000 outstanding Accounts Receivable. Assuming the note remaining outstanding for all 60 days, what is the total interest which will accrue over the life of this note

Option 1: $6,000

Option 2: $500

Option 3: $1,000

Option 4: $1,500

Reference no: EM132821511

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