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  3. a company issues a 140-day, 14% note for $18,000.

A company issues a 140-day, 14% note for $18,000. What is the principal amount of...

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Question

Accounting

A company issues a 140-day, 14% note for $18,000. What is the principal amount of the note? (Round your answer to the nearest dollar.)

a

$18,980

b

$17,020

c

$20,520

d

$18,000

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