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On June 8, Williams Company issued an $83,765, 8%, 120-day note payable to Brown Industries. Assuming a 360-day year for your calculations, what is the
On June 8, Williams Company issued an $83,765, 8%, 120-day note payable to Brown Industries. Assuming a 360-day year for your calculations, what is the maturity value of the note? When required, round your answer to the nearest dollar.
a. $6,701
b. $83,765
c. $90,466
d. $85,999
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