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A company collects an honored note with a maturity date of 2 years from the issue date, a 6% interest rate, and an initial loan

A company collects an honored note with a maturity date of 2 years from the issue date, a 6% interest rate, and an initial loan amount of $28,000. The interest is due on the maturity date. How much did the company collect on the maturity date of the note? Group of answer choices $29,680 $3,360 $31,360 $28,000

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