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On January 1, Benson Industries (a calendar year end corporation) loaned Rizzo Inc. $20,000 cash...

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Accounting

On January 1, Benson Industries (a calendar year end corporation) loaned Rizzo Inc. $20,000 cash on a 6-month, 9% note. Interest will be paid at maturity. Compute the amount of interest that Benson Industries will receive at maturity

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