Valley Spa purchased $7,800 in plumbing components from Tubman Co. Valley Spa Studios signed a 60-day, 10% promissory note for $7,800. If the note is dishonored, what is the amount due on the note? (Use 360 days a year.)

A. $8,050
B. $7,930
C. $7,800
D. $130
E. $8,130


Answer: B

Business

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