Question
On June 8, Williams Company issued an $82,800, 11%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of
On June 8, Williams Company issued an $82,800, 11%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? Round your answer to the nearest whole dollar.
a.$91,908
b.$9,108
c.$85,836
d.$82,800
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Foundations Of Finance
Authors: Arthur Keown, John Martin, J. Petty
10th Edition
0136102654, 9780136102656
