Interest is compounded quarterly on a $10,000 note payable for 1 year at 12%. How much is total interest on the note?
A) $1,338
B) $1,286
C) $1,255
D) $1,506

Name: Interest is compounded quarterly on a $10,000 note payable for 1 year at 12%. How much is total interest on the note? A) $1,338 B) $1,286 C) $1,255 D) $1,506
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The Answer of Interest is compounded quarterly on a $10,000 note payable for 1 year at 12%. How much is total interest on the note?
A) $1,338
B) $1,286
C) $1,255
D) $1,506

Interest Is Compounded Quarterly on a $10,000 Note Payable for 1