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On November 1, Year 1, Noble Company borrowed $120,000 from South Bank and signed a 12%, six-month note payable, ali due at maturity. The interest

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On November 1, Year 1, Noble Company borrowed $120,000 from South Bank and signed a 12%, six-month note payable, ali due at maturity. The interest on this loan is stated separately. How much must Noble pay South Bank on May 1 Year 2 when the note motures? Multiple Choice $120,000 $123,600 5122200 $134.400

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