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A six months, 13% note for $12,000, dated April 15, is received from a customer. The maturity value of the note is O A. $780. OB. $13,560 OC. $12,780 D. $12,000

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Answer #1

Total interest =$12000*Interest Rate*Time Period

=$12000*13%*(6/12)

=$780

Hence maturity value=$12000+Total interest

=(12000+780)

which is equal to

=$12780.

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