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A 60-day, 7% note for $11,422, dated May 1, is received from a customer on account. The maturity value of the note, assuming a 360-day

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A 60-day, 7% note for $11,422, dated May 1, is received from a customer on account. The maturity value of the note, assuming a 360-day year, is $11,555 $12,222 $11,422 $133

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