Question: A 90day, 10% note for $7,000, dated April 15, is received from a customer on account. The face value of the note is a.$6,300. b.$7,175.

A 90day, 10% note for $7,000, dated April 15, is received from a customer on account. The face value of the note is

a.$6,300.

b.$7,175.

c.$7,700.

d.$7,000.

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