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What is the maturity value of the note on march

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Problem 1: On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $26,100. What is the maturity value (principal plus interest) of the note on March 1? (Use 360 days a year.)

Multiple Choice

Option 1: $26,564

Option 2: $26,100

Option 3: $26,448

Option 4: $26,332

Option 5: $26,796

Reference no: EM132930667

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