What is the maturity value of the note
On November 1, Carter Company signed a 120-day, 12% note payable, with a face value of $10,800. What is the maturity value of the note on March 1? (Use 360 days a year.)
a) $11,232
b) $10,944
c) $10,800
d) $11,088
e) $11,016
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