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a company issues a 140-day, 11% note for $17,000. What is the principal amount of the...

a company issues a 140-day, 11% note for $17,000. What is the principal amount of the note?(round to nearest dollar)

a)16,273

b)17,000

c)18870

d)17,727

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Answer #1

Principal value = Face value of the note issued

= 17,000 in this case

Option B is the answer

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