Question: QUESTION 4 A company issues a 6 0 - day, 1 2 % note for $ 1 6 , 0 0 0 . What is

QUESTION 4
A company issues a 60-day, 12% note for $16,000. What is the principal amount of the note? (Round your answer to the nearest dollar.)
$16,320
$17,920
$16,000
$15,680
QUESTION 4 A company issues a 6 0 - day, 1 2 %

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