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South End is one of the world's most popular outdoor apparel companies. Assume that South End borrows $2.3 million from U.S. Bank and signs a
South End is one of the world's most popular outdoor apparel companies. Assume that South End borrows $2.3 million from U.S. Bank and signs a note promising to pay back the $2.3 million in nine months, at which time South End also will pay any accrued interest. The interest rate on the note is 8%.
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