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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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