Problem

On November 30, 2010, Central Food purchased two trucks for a total of $140,000, issuing a...

On November 30, 2010, Central Food purchased two trucks for a total of $140,000, issuing a one-year, 6% note payable, all due at maturity.  The interest on this loan is stated separately.

Refer to the above data. How much must Central Food pay the lender upon maturity of this note?

a $140,700. b $140,000. c $147,700. d $148,400.

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Solutions For Problems in Chapter 10