What is the maturity value and maturity date of the bill

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The following transactions relate to the business of Richmond Raleigh Ltd.

1. A bill dated 6 July provided for payment after 90 days of $4,800 plus interest at 10% p.a. was received on 6 July.

2. On 6 April, the company received a 90-day, 10% acceptance covering the amount owing by F. French, the acceptor, for $7,200

3. The club received a 60-day, 8% promissory note dated 9 march for a debt of $9,600 from a customer, and discounted it at 10% at the bank after 30 days.

Problem A) What is the maturity value and maturity date of the bill

Reference no: EM132754912

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