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On July 9, Mifflin Company receives a $7,400, 90-day, 10% note from customer Payton Summers as payment on account. Compute the amount due at maturity
On July 9, Mifflin Company receives a $7,400, 90-day, 10% note from customer Payton Summers as payment on account. Compute the amount due at maturity for the note and interest. (Use 360 days a year.)
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$7,400
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$7,523
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$7,065
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$7,585
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$7,540
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