Multiple Choice
On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $9,000.
-What is the maturity value of the note on March 1? (Use 360 days a year.)
A) $9,120
B) $9,240
C) $9,000
D) $720
E) $9,720
Correct Answer:
Verified
Correct Answer:
Verified
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