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Question 48: 27. Illinois Bank lends Lisle Furniture Company $100,000 on December 1. Lisle Furniture Company signs a $100,000, 9%, 4-month note. The total cash

Question 48:

27. Illinois Bank lends Lisle Furniture Company $100,000 on December 1. Lisle Furniture Company signs a $100,000, 9%, 4-month note. The total cash paid at maturity of the note is:

Group of answer choices

C) $104,500.

B) $103,000.

A) $100,000.

D) $109,000.

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