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How much is the note maturity value

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Reference no: EM132835934

Problem 1: On September 16, 2020, a note for ?18,000 that bears interest at 12 percent was received by the company. How much is the note's maturity value if it matures on January 14, 2021?

a. ?17,280
b. ?18,720
c. ?20,160
d. ?18,710

Reference no: EM132835934

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