Question: A 9 0 - day, 1 4 % note for $ 1 4 , 0 0 0 , dated April 1 5 , is received

A 90-day, 14% note for $14,000, dated April 15, is received from a customer on account. The face value of the note is
a. $15,960.
b. $14,490.
c. $14,000.
d. $12,040.

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