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How much cash will you receive if winter company pays

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Question

Your company accepted a 120-day, 6% note for $189,000 from Winter Company on account. On the maturity date, Winter Company still cannot pay, so you accept a new a 60-day, 10% note for the full amount due (principal and interest). How much cash will you receive if Winter Company pays you in full on the maturity date of the second note?

Reference no: EM132326035

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