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On the Maturity Date of a $5,000,3-Month,10% Note,the Borrower Sends

Question 181

Multiple Choice

On the maturity date of a $5,000,3-month,10% note,the borrower sends a check that includes the principal and all of the interest due on the note.What is the amount of the borrower's check?


A) $5,125
B) $5,500
C) $6,500
D) $5,000

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