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A 90-Day,8% Note for $10,000 Dated May 1 Is Received

Question 55

Multiple Choice

A 90-day,8% note for $10,000 dated May 1 is received from a customer on account.
The maturity value of the note is

A) $10,000.
B) $10,800.
C) $10,200.
D) $9,800.

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