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ConcordConstruction Co. receives a note receivable fromTamariskPlastics Inc. as settlement of an overdue account receivable. The note is for three months and bears an annual

ConcordConstruction Co. receives a note receivable fromTamariskPlastics Inc. as settlement of an overdue account receivable. The note is for three months and bears an annual interest rate of8%. The original accounts receivable balance was $900. At the end of the three-month period,ConcordConstruction Co. will payTamariskPlastics Inc.?

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