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Peter Piper Inc. is a pickle farm located in Colorado. The following transactions take place: A. On November 6, Peter Piper Inc. borrows $820,000 from
Peter Piper Inc. is a pickle farm located in Colorado. The following transactions take place: A. On November 6, Peter Piper Inc. borrows $820,000 from a bank to cover the initial cost of expansion. Terms of the loan are payment due in six months from November 6, and annual interest rate of 3%. B. On December 12, Peter Piper Inc. borrows an additional $200,000 with payment due in three months from December 12, and an annual interest rate of 10%. C. Peter Piper
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