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    Exam 16: Notes Payable and Notes Receivable
  5. Question
    The Maturity Value of a 90-Day Note for $4,000 That
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The Maturity Value of a 90-Day Note for $4,000 That

Question 11

Question 11

Multiple Choice

The maturity value of a 90-day note for $4,000 that bears interest at 10 percent a year is


A) $4,400.
B) $4,100.
C) $4,000.
D) $3,900.

Correct Answer:

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