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Ming Chen started a business and sold $10,600 of equipment to Ajax Company. Ming Chen received a 90-day, 10% promissory note for $10,600. If Ajax
Ming Chen started a business and sold $10,600 of equipment to Ajax Company. Ming Chen received a 90-day, 10% promissory note for $10,600. If Ajax Company dishonored the note, what is the amount due on the note? (Use 360 days a year.)
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