A business accepts a 9 percent, $50,000 note due in 120 days. Assuming simple interest, how much (amount rounded) will the business receive when the note falls due?
A) $50,000
B) $50,150
C) $51,480
D) $54,520
C
Business
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Services produced by the private sector account for more than half of the U.S. gross domestic product
Indicate whether the statement is true or false
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