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  3. a business accepts a 6 percent, $5,000 note due in

A business accepts a 6 percent, $5,000 note due in two years. Assuming compound interest...

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Question

Accounting

A business accepts a 6 percent, $5,000 note due in two years. Assuming compound interest semiannually, how much will the business receive when the note falls due?
A.
$5,304.50
B.
$5,154.50
C.
$5,150.00
D.
$5,300.00

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