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  3. Study Set
    College Accounting
  4. Exam
    Exam 16: Notes Payable and Notes Receivable
  5. Question
    Compute the Maturity Value of a 5-Month, 8 Percent Note
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Compute the Maturity Value of a 5-Month, 8 Percent Note

Question 7

Question 7

Short Answer

Compute the maturity value of a 5-month, 8 percent note with a face value of $8,000. (round answer to 2 decimal places)

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