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Defy Company makes a $ 6 0 , 0 0 0 , 6 0 - day, 1 2 % cash loan to Ryan Company. The

Defy Company makes a $

60, 000, 60 -

day,

12 %

cash loan to Ryan Company. The note and interest to be collected at maturity is:

(

Use

360

days a year.

)

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