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

On November 1, Alan Company signed a 120-day, 11% note payable, with a face value of $23,400. What is the maturity value (principal plus interest) of the note on March 1?(Use 360 days a year.)
a
$23,972
b
$24,258
c
$23,686
d
$23,829
e
$23,400

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