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On November 1,Alan Company Signed a 120-Day,8% Note Payable,with a Face

Question 58

Multiple Choice

On November 1,Alan Company signed a 120-day,8% note payable,with a face value of $9,000.What is the maturity value of the note on March 1?

A) $9,000
B) $720
C) $9,120
D) $9,720
E) $9,240

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