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A Company Borrowed $10,000 by Signing a 180-Day Promissory Note

Question 4

Multiple Choice

A company borrowed $10,000 by signing a 180-day promissory note at 9%.The maturity value of the note is:

A) $10,450
B) $10,900
C) $10,075
D) $11,800
E) $10,300

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