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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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