The maturity value of a $50,000, 9%, 60- day note receivable dated July 3 is: A) $50,000. B) $50,750. C) $54,500. D) $59,000.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 21MC: A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an...
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The maturity value of a $50,000, 9%, 60-
day note receivable dated July 3 is:
A) $50,000.
B) $50,750.
C) $54,500.
D) $59,000.
Transcribed Image Text:The maturity value of a $50,000, 9%, 60- day note receivable dated July 3 is: A) $50,000. B) $50,750. C) $54,500. D) $59,000.
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