Multiple Choice
Using a 365-day year, the maturity value of a 55-day, 6% note for $22,000 rounded to the nearest cent is: (Do not round any intermediary calculations. Round your final answer to the nearest cent.)
A) $22,000.00.
B) $22,198.90.
C) $21,801.10.
D) $23,320.00.
Correct Answer:
Verified
Correct Answer:
Verified
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