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A company borrowed $ 1 0 , 0 0 0 by signing a 1 8 0 - day promissory note at 1 1 % .

A company borrowed $10,000 by signing a 180-day promissory note at 11%. The total to be paid at maturity of the note is: (Use 360 days a year.)
Multiple Choice
$10,550.00
$12,050.00
$12,275.00
$12,825.00
$13,100.00
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