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How much did your friend earn in interest

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Question - Your friend signs a promissory note for $2,000 for 30 days with a rate of 2.25% attached. After fifteen days, you realize you need the money and sell the promissory to another friend to yield you 2.00%. How much did your friend earn in interest (dollar amount) for holding the promissory note for the last fifteen days?

Reference no: EM133063922

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