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On March 1 , 2 0 2 0 , First National Bank agrees to lend $ 2 5 , 0 0 0 to JT Engineering

On March 1,2020, First National Bank agrees to lend $25,000 to JT Engineering if JT signs a $25,000,6%, four-month note. At
maturity on July 1,2020, how much must JT pay First National?
$26,000
$26,500
$25,600
$25,500
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