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A company issues a 140minusday, 11% note for $15,000. What is the principal amount of the note? (Round your answer to the nearest dollar.) A.$15,642
A company issues a 140minusday, 11% note for $15,000.
What is the principal amount of the note? (Round your answer to the nearest dollar.)
A.$15,642
B. $14,358
C.$15,000
D.$ 16, 650
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Auditing CPA Exam Review
Authors: Becker
1st Edition
1943628696, 978-1943628698
