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What is the maturity value of the note

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Question - On March 10, 2013, the Westwood Company accepted a 60-day, 9 percent note from Pete Houghton in settlement of his past-due account for $6,000. On April 9, Westwood Company discounted the note at the First National Bank. The bank charged a discount rate of 12 percent. What is the maturity value of the note?

Reference no: EM131866417

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