On February 15, Allen Corporation signed a 90- day, 8% note payable with a face value of $15,000. What is the maturity value of the note on May 16? (Use 360 days for a year)
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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. $2,383On June 8, Williams Company issued an $73,207, 7%, 120-day note payable to Brown Industries. Assuming a 360-day year for your calculations, what is the maturity value of the note? When required, round your answer to the nearest dollar.What is the Answer ?
- What is the maturity value of the note?On September 10, Pillsbury Manufacturing Co. issued a $65,500, 8%, 90-day note payable to Everest Suppliers Inc. assuming a 360- day year, what is the maturity value of the note?On June 8, Alton Co. issued an $73,184, 9%, 120-day note payable to Seller Co. Assuming a 360-day year for your calculations, what is the maturity value of the note? When required, round your answer to the nearest dollar.
- On November 1, Alan Company signed a 120-day, 11% note payable, with a face value of $23, 400. What is the maturity value (principal plus interest) of the note on March 1? (Use 360 days a year.) a $23,972 b $24, 258 c $23, 686 d $23, 829 e $23, 400On August 1, Carter Corporation signed a $15,500 6-month 8% note payable, with principal plus interest due on February 1 of the following year. What is the maturity value of the note as of February 1?A company receives a 6%, 120-day note for $2,400. The total interest due on the maturity date is (Use 360 days a year.) ?