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On September 1, 2015, Dental Equipment Corporation sold equipment priced at $350,000 in exchange for a six-month note receivable with an annual interest rate of
On September 1, 2015, Dental Equipment Corporation sold equipment priced at $350,000 in exchange for a six-month note receivable with an annual interest rate of 12%, all due at maturity.
Calculate the payment at maturity March 1, 2016
TYPE the payment amount ONLY (ex. 100,000)
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