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  3. a company issues a 100??day, 14% note for $16,000.

A company issues a 100??day, 14% note for $16,000. What is the principal amount of...

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Question

Accounting

A company issues a 100??day, 14% note for $16,000.

What is the principal amount of the? note? (Round your answer to the nearest? dollar.)

A.

$ 15 comma 378$15,378

B.

$ 16 comma 000$16,000

C.

$ 16 comma 622$16,622

D.

$ 18 comma 240

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