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A company issues a 60minus​day, 11​% note for $ 20 comma 000. What is the principal...

A company issues a 60minus​day, 11​% note for $ 20 comma 000. What is the principal amount of the​ note? (Round your answer to the nearest​ dollar.)

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Answer #1

$20,000

The principal amount of the note is $20,000.   

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