On November 1, Year 1. Noble Co. borrowed $72,000 from South Bank and signed an 11%, six-month note payable, all due at maturity. The interest on this loan is stated separately. On December 31, Year 1. Noble Co.'s overall liability for this loan amounts to: a. $72,000 b. $73,320 c. $74,640 d. $75,960
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