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  3. a company issues a 120 - day, 11% note for $20,000

A company issues a 120 - day, 11% note for $20,000. What is...

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A company issues a 120 - day, 11% note for $20,000. What is the principal amount of the note? (Round your answer to the nearest dollar.) A. $19,267 B. $20,733 C. $20,000 D. $22,200

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