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Duerr Company Makes a $60,000,60-Day,12% Cash Loan to Ryan Co

Question 207

Multiple Choice

Duerr company makes a $60,000,60-day,12% cash loan to Ryan Co.The maturity value of the loan is: (Use 360 days a year.)

A) $60,000.
B) $1,200.
C) $61,200.
D) $58,800.
E) $67,200.

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