A Company Issues a 60-Day,12% Note for $11,000

question 97

Multiple Choice

A company issues a 60-day,12% note for $11,000.What is the principal amount?

• A) $11,000
• B) $220
• C) $11,220
• D) $10,780

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Definitions:

Symptoms

The signs or notices of a disease or the physical and mental changes indicating that a condition exists.

Medications

Substances used in the diagnosis, treatment, or prevention of diseases and medical conditions.

Treatments

Medical interventions or therapeutic methods used to cure, relieve, or prevent diseases and conditions.

Physiological Aspects

Components or features relating to the functions and processes of living organisms.