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What is the dollar amount of the company interest expense

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Question - The Donald Corporation borrowed $3,000,000 on November 16 by signing a 60-day, 7% note. The loan and interest are to be paid on January 14. What is the dollar amount of the company's November interest expense for the loan?

a. $210,000.00

b. $8,630.14

c. $34,520.55

d. $17,260.27

Reference no: EM131696122

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