Interest payable at maturity

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Reference no: EM13918886

Berkman Wholesalers accepts from Almonte Stores a $7,430, 4-month, 9% note dated May 31 in settlement of Almonte's overdue account. The maturity date of the note is September 30.

Calculate the interest payable at maturity.

Detail explanation please

Reference no: EM13918886

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