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    Exam 16: Notes Payable and Notes Receivable
  5. Question
    The Maturity Value of a 120-Day Note for $18,000 That
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The Maturity Value of a 120-Day Note for $18,000 That

Question 61

Question 61

Multiple Choice

The maturity value of a 120-day note for $18,000 that bears interest at 12 percent is


A) $18,000.
B) $20,160.
C) $18,720.
D) $17,280.

Correct Answer:

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