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On august 1 2013 ace corporation accepted a note receivable

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Reference no: EM13571020

On August 1, 2013, Ace Corporation accepted a note receivable in place of an outstanding accounts receivable in the amount of $123,965. The note is due in 90 days and has an interest rate of 8%. What would be the total amount collected at the maturity date?

Reference no: EM13571020

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