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The Maturity Value of a $28,000, 6%, 60-Day Interest-Bearing Note

Question 12

Multiple Choice

The maturity value of a $28,000, 6%, 60-day interest-bearing note on August 6, is:

A) $28,276.16
B) $28,140
C) $28,280
D) $22,800
E) None of these

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