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On November 1, Year 1, Noble Company borrowed $84,000 from South Bank and signed a 14%, six-month note payable, all due at maturity. The interest

On November 1, Year 1, Noble Company borrowed $84,000 from South Bank and signed a 14%, six-month note payable, all due at maturity. The interest on this loan is stated separately. At December 31, Year 1, Noble Company's overall liability for this loan amounts to: Multiple Choice $84,000 O O $85,960. $87,920. $89,880

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