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On December 31, 2014, Conchita Martinez Company signed a $1,290,000 note to Sauk City Bank. The market interest rate at that time was 12%. The

On December 31, 2014, Conchita Martinez Company signed a $1,290,000 note to Sauk City Bank. The market interest rate at that time was 12%. The stated interest rate on the note was 10%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales, Conchita Martinez

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