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On November 1, Alan Company signed a 120-day, 12% note payable, with a face value of $19,800. What is the maturity value of the note
On November 1, Alan Company signed a 120-day, 12% note payable, with a face value of $19,800. What is the maturity value of the note on March 1? (Use 360 days a year.) |
A.) $20,196
B.) $20,328
C.) $19,800
D.) $20,064
E.) $20,592
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