ericahale622 ericahale622

23-04-2024
Business

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On November 1, Alan Company signed a 120-day, 11% note payable, with a face value of $14,400. What is the maturity value (principal plus interest) of the note on March 1? (Use 360 days a year.)
a. $14,752
b. $14,400
c. $14,664
d. $14,928

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