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16-02-2024
Business

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On January 1, Parma, Incorporated borrowed $100,000 cash from First National and issued a two-year promissory note. Interest of $5,000 was payable semiannually. What was the amount borrowed by Parma, Incorporated?
A) $50,000
B) $100,000
C) $200,000
D) $500,000

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