Question: A company borrows $ 1 0 , 4 0 0 from the bank at 1 3 % interest for sixty days. $ 1 0 ,

A company borrows $10,400 from the bank at 13% interest for sixty days. $10,400 is the q, of the note. The maturity value of the note is For computation of interest, use a 365- day year. (Round your final answer to the nearest dollar.)
A. future value; $10,400
B. present value; $10,400
C. maturity value; $10,622
D. principal; $10,622
A company borrows $ 1 0 , 4 0 0 from the bank at

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