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Your Company loaned of $21,000 to one of the company's employees on May 1, 2021. The one-year note carried a 5% rate of interest. Payment
Your Company loaned of $21,000 to one of the company's employees on May 1, 2021. The one-year note carried a 5% rate of interest. Payment of interest and principal are to be made at maturity on April 30, 2022. What is the total amount of cash Your Company should receive on April 30, 2022?
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