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USE THE FOLLOWING ON QUESTION #10: R&R Corporation borrows money from OBX Corp which is denoted as a note payable with the followi g details:

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USE THE FOLLOWING ON QUESTION #10: R&R Corporation borrows money from OBX Corp which is denoted as a note payable with the followi g details: Borrowing Date 10/1/20X1 Amount of Note Payable $300,000 Length of Note until Maturity 5 Months Annual Interest Rate 3.00% Assume Interest is Paid only on the Maturity Date

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