Simplify and Write the Answer in Standard Form

question 7

Multiple Choice

Simplify and write the answer in standard form.

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Definitions:

Maturity Value

The total amount payable to an investor at the end of a debt security's life, including both the principal and any accrued interest.

Interest Rate

The percentage charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage of the principal.

Uncollectible Account

A receivable owed to a company that is considered unlikley to be paid and is written off as a loss.

Other Receivable

Amounts owed to the company from parties other than customers, typically within a short time frame.