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Paxton Company had to buy new equipment. The company borrowed $52,000, signing a note payable for that amount. The terms of the note are 6%

Paxton Company had to buy new equipment. The company borrowed $52,000, signing a note payable for that amount. The terms of the note are 6% interest per annum, for a 90-day note. How much will the company have to pay back on the maturity date of the note?

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