A $10,000, 60-day, 9% note, dated May 1, is received from a customer on account. Assume a

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A $10,000, 60-day, 9% note, dated May 1, is received from a customer on account. Assume a 360-day year, the maturity value of the note is

a. $10,900

b. $10,150

c. $10,000

d. $9,100

Posted Date: May 15, 2024 09:46 AM

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A $10,000, 60-day, 9% note, dated May 1, is received from a customer on account. Assume a

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