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    Exam 9: Receivables
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    What Is the Maturity Value of a 3- Month, 12
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What Is the Maturity Value of a 3- Month, 12

Question 10

Question 10

Multiple Choice

What is the maturity value of a 3- month, 12% bill for $20 000?


A) $20 600
B) $22 400
C) $21 200
D) $20 000

Correct Answer:

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