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How much total interest will hardtack industries recognize

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Question - Hardtack Industries borrowed $336,000 from its bank in return for an installment note with 8% interest. Hardtack will make 6 annual payments of $72,682. How much total interest will Hardtack Industries recognize over the life of the note?

a. $100.092

b. $161.280

c. $72,682

d. $56,000

e. None of the above

Reference no: EM133177376

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