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At the end of 2020, the business has a notes payable with maturity value of TL18.000. The maturity date of the note is March 31,
At the end of 2020, the business has a notes payable with maturity value of TL18.000. The maturity date of the note is March 31, 2021. If the discount rate is 15%, what is the present value of the note on December 31, 2020 by using maturity value method?
a.
TL17.325
b.
TL15.300
c.
TL17.100
d.
TL17.349
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