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Co. assigned $800,000 of accounts receivable to xx Finance Co.as security for a loan of $500,000. xx charged a 2% commission onthe amount of the
Co. assigned $800,000 of accounts receivable to xx Finance Co.as security for a loan of $500,000. xx charged a 2% commission onthe amount of the loan; the interest rate on thenote was 10%.During th 2 answers
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