Multiple Choice
Use the following information for questions:
Cartage Co.signed a $17,000, six-month note on October 1, 2011.Principal and interest are due at maturity.The interest rate is 6%.
-How much cash did Cartage Co.receive on October 1?
A) $17,000
B) $17,510
C) $18,020
D) $15,980
Correct Answer:
Verified
Correct Answer:
Verified
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