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Poor & Co. borrows $500,000 cash on September 1 of current year by signing 8%,60 day $500,000 note. What is the amount payable on maturity
Poor \& Co. borrows $500,000 cash on September 1 of current year by signing 8%,60 day $500,000 note. What is the amount payable on maturity date of the note. (use 360 days in a year) 506,666.67500,111.11540,000.00503,333.33
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