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What Is the Maturity Value of a 3-Month,13% Note for $50,000

Question 156

Multiple Choice

What is the maturity value of a 3-month,13% note for $50,000? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )


A) $52,000
B) $56,500
C) $51,625
D) $50,000

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