On november 1 year 1 noble co borrowed 80000 from south, Ask an Expert

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On November 1, Year 1, Noble Co borrowed $80,000 from South Bank and signed a 12% six month note payable, all 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 matures?

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Category:- Accounting Basics
Reference No.:- M9968422

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