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A 60-Day, 9% Note for $10,000, Dated May 1, Is

Question 116

Multiple Choice

A 60-day, 9% note for $10,000, dated May 1, is received from a customer on account. The maturity value of the note is

A) $10,000
B) $10,150
C) $10,900
D) $9,100

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