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Betty DeRose, Inc. borrowed $ 2 0 0 , 0 0 0 on January 1 , 2 0 2 4 . The terms of the
Betty DeRose, Inc. borrowed $ on January The
terms of the loan require Betty DeRose to make semiannual
payments of $ every June and December with the
first payment being due on June Assume the loan
has an interest rate of compounded semiannually.
Calculate the amount of the note payable at Dec.
that would be classified as a current liability.
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