On november 1 year 1 placid co borrowed 100000 from bay, Ask an Expert

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On November 1, Year 1, Placid Co. borrowed $100,000 from Bay bamk and signed a 12% six-month note payable, all due at maturity. The interest on this loan is stated seperately.Refer to the above data.How much must Placid pay Bay Bank on May 1, year 2, when the note matures?

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