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Nova Corporation hired a new product manager and agreed to provide her a $38,000 relocation loan on a six-month, 6 percent note. a. The company

Nova Corporation hired a new product manager and agreed to provide her a $38,000 relocation loan on a six-month, 6 percent note.

a. The company loans the money on January 1. b. The new employee pays Nova the interest owed on the maturity date. c. The new employee pays Nova the full principal owed on the maturity date.

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