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The maturity value of a $ 2 3 4 , 0 0 0 , 1 2 % , 4 0 - day note receivable dated

The maturity value of a $234,000,12%,40-day note receivable dated July 3 is (Assume a 360-day year.)
a. $262,080
b. $246,480
c. $237,120
d. $234,000
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