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On the Maturity Date of a $10,000,3-Month,8% Note,the Borrower Sends

Question 216

Multiple Choice

On the maturity date of a $10,000,3-month,8% 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) $10,200
B) $10,600
C) $10,800
D) $10,000

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