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sonalized . Pract https://adaptivewileyplus.com/secureladaptiveLearningDashboard?chide MzgyMDI4MTM%253D#/practiceTest?chapld.Ma WleyPLUS ORION Practice-10.1: Explain how to account for current liabilities... Accounting, 6e Q 10.34 If a $50,000 nine-month note payable was issued at 8%, then what will the interest payment be at maturity? A) $4,250 B) $4,500 C $ 3,000 :D $4,000 Stud ·Exp Recommendation . Expl Looks like you might want to study this objective in WileyPLUS. do to WileyPLUS for Mark for Ree onfidence SUBMI F3

Explanation / Answer

Face Value          = $50000

Interest Rate      = 8%

Period                  = 9 Months

Interest Payment              = Face Value * Interest rate * 9/12

                                             = $50000 * 8% * 9/12

Interest payment             = $3000   

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