On April 1, 2015, Needy Company issued a $5,000 note to Money Company. The note had a 12 percent interest rate and was to be repaid, with interest, on April 1, 2016. The amount of investment that Money Company recorded on April 1, 2015, was.

Question 8 options:

A)

$4,250.

B)

$4,400.

C)

$5,000.

D)

$5,500.

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