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    College Accounting
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    Exam 16: Notes Payable and Notes Receivable
  5. Question
    The Maturity Value of a $12,000 Face Value, 180-Day Note
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The Maturity Value of a $12,000 Face Value, 180-Day Note

Question 15

Question 15

Multiple Choice

The maturity value of a $12,000 face value, 180-day note bearing interest at 10 percent is (Assume 360 days in a year.)


A) $600.
B) $12,600.
C) $1,200.
D) $13,200.

Correct Answer:

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