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On November 1 , Alan Company signed a 1 2 0 - day, 1 0 % note payable, with a face value of $ 1

On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $13,500. What is the maturity value (principal plus interest) of the note on March 1?(Use 360 days a year.)
Multiple Choice
$13,650
$13,800
$13,725
$13,950
$13,500

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