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On August14, Park Avenue Bank lent $210,000 to City Coffee Shop on a 75day, 4% note. What is the maturity value of thenote? (Use a
On August14, Park Avenue Bank lent $210,000 to City Coffee Shop on a 75day, 4% note. What is the maturity value of thenote? (Use a 365day year. Do not round intermediatecalculations, and round the final answer to the nearestdollar.)
A.
$211,726
B.
$211,750
C.
$218,400
D.
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
2nd Canadian Edition
