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Duerr Company makes a $60,000, 60-day, 12% cash loan to Ryan Co. The note and...

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Accounting

  1. Duerr Company makes a $60,000, 60-day, 12% cash loan to Ryan Co. The note and interest to be collected at maturity is: (Use 360 days a year.)

    A) $67,200. B) $60,000. C) $1,200. D) $58,800. E) $61,200.

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