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A Promissory Note Has a Face Value of $6000 and It

Question 58

Multiple Choice

A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The term is for 6 months. The rate of interest is 8.00%. What is the maturity value of the note?


A) $6242.60
B) $6246.60
C) $6200.60
D) $6248.60
E) $6244.60

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