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    Practical Business Math Procedures Study Set 2
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    Exam 11: Promissory Notes, Simple Discount Notes, and the Discount Process
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    On October 18, Blue Ridge Corporation Accepted a $300,000 Non-Interest-Bearing
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On October 18, Blue Ridge Corporation Accepted a $300,000 Non-Interest-Bearing

Question 58

Question 58

Short Answer

On October 18, Blue Ridge Corporation accepted a $300,000 non-interest-bearing note from Long Corporation. What is the maturity value of the note? Use ordinary interest.

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$300,000; ...

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