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On 1 October 2016,Android Ltd Made a Loan to One

Question 69

Multiple Choice

On 1 October 2016,Android Ltd made a loan to one of its customers.The customer signed a 4-month bill for $140,000 at 15%.Calculate the maturity value of the bill.


A) $161,000
B) $133,000
C) $147,000
D) $119,000

Correct Answer:

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