A company borrowed $12,500 by signing a 150-day promissory note at 7.5% interest. What is the maturity value of the note?
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- A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an annual interest rate of 11%. If 6 months have passed since note establishment, what would be the recorded interest figure at that time? A. $7,150 B. $65,000 C. $14,300 D. $2,383A company borrowed $12,500 by signing a 150-day promissory note at 7.5% interest. What is the maturity value of the note?A business issued a 45-day, 6% note for $210,000 to a creditor. Principal and interest are payable at maturity. How is maturity value calculated in this case? What is the maturity value of the note?
- A Company borrowed money from a local bank. The note the company signed requires five annual installment payments. of $16, 500 beginning immediately. The interest rate on the note is 7%. What amount did the company borrow? Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)What is the maturity value of the note on these accounting question?A 102-day note for $85 bears simple interest at 4.5% and is sold 22 days before maturity to a bank that uses a simple interest rate of 8%. What are the proceeds?