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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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