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You have been late repaying a prior credit purchase and asked your supplier to accept your promissory note for 20,000. The supplier agreed to 7.5%

You have been late repaying a prior credit purchase and asked your supplier to accept your promissory note for 20,000. The supplier agreed to 7.5% interest and a term of 6 months. How much will you owe at the end of the period?

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