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Admire County Bank agrees to lend Givens Brick Company $ 6 0 0 , 0 0 0 on January 1 . Givens Brick Company signs

Admire County Bank agrees to lend Givens Brick Company $

600, 000

on January

1 .

Givens Brick Company signs a $

600, 000, 8 %, 9 -

month note. How much interest will Givens Brick Company pay on this loan?

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