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3. Compute the maturity value for each of the following notes receivable. 1. A $5,000, 6%, 3-month note dated July 20. Maturity value $ 2.

3. Compute the maturity value for each of the following notes receivable. 1. A $5,000, 6%, 3-month note dated July 20. Maturity value $ 2. $12,000, 9%, 150-day note dated August 5. Maturity value $ 4. On March 9, Hill gave McGraw Company a 60-day, 10% promissory note for $2,500. Hill honors the note on May 9. Record the collection of the note and interest by McGraw assuming that no interest has been accrued

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