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The maturity value of a $40,000, 9%, 40-day note receivable dated july 3 is

The maturity value of a $40,000, 9%, 40-day note receivable dated july 3 is
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The maturity value of a $40,000, 9%, 40-day note receivable dated july 3 is

User Hemant
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40,000×((1+0.09×(40÷360)))
=40,400
User Sachin Sarola
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