Question: Three months before its year - end, a company signed a $ 2 5 0 , 0 0 0 , 1 2 % , 8

Three months before its year-end, a company signed a $250,000,12%,8-month note. Principal and interest will be paid at maturity. No interest should be accrued at year-end because the company has no obligation to pay the interest until the note matures.
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Three months before its year-end, a company signed a $250,000,12%,8-month note.

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