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On July 9,Mifflin Company Receives an $8,500,90-Day,8% Note from Customer

Question 52

Multiple Choice

On July 9,Mifflin Company receives an $8,500,90-day,8% note from customer Payton Summers as payment on account.Compute the amount due at maturity for the note.(Use 360 days a year.)


A) $8,628
B) $8,192
C) $8,613
D) $8,500
E) $8,670

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