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A company borrows $ 10 comma 200$10,200 from the bank at 1515% interest for thirtythirty days. $ 10 comma 200$10,200 is the ________ of the
A company borrows
$ 10 comma 200$10,200
from the bank at
1515%
interest for
thirtythirty
days.
$ 10 comma 200$10,200
is the ________ of the note. The maturity value of the note is ________. For computation of interest, use a 365-day year. (Round your final answer to the nearest dollar.)
A.
maturity value; $ 10 comma 326$10,326
B.
present value; $ 10 comma 200$10,200
C.
future value; $ 10 comma 200$10,200
D.
principal; $ 10 comma 326
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