On October 14, 2012, Fran Co. sold $200,000 of merchandise to Bill Co. Bill gave Fran its 15%, 120-day note for the total. The maturity value of the note is: .

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On October 14, 2012, Fran Co. sold $200,000 of
merchandise to Bill Co. Bill gave Fran
its 15%, 120-day note for the total. The maturity
value of the note is: .
Transcribed Image Text:On October 14, 2012, Fran Co. sold $200,000 of merchandise to Bill Co. Bill gave Fran its 15%, 120-day note for the total. The maturity value of the note is: .
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