The maturity value of a $75,000, 7%, 90-day note receivable dated August 15 is: A) $75,000. B) $76,312.50. C) $77,500. D) $80,250.
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- The maturity value of a $348,000, 4%, 45-day note receivable dated July 3, assuming a 360-day year, is a.$349,740 b.$361,920 c.$348,000 d.$354,960The maturity value of a $5700, 8%, 60- day note receivable dated February 10th isAssuming a 360-day year, when a $11,918, 90-day, 10% interest-bearing note payable matures, total payment will be a.$13,110 b.$1,192 c.$298 d.$12,216
- Assuming a 360-day year, when a $11,200, 90-day, 5% interest-bearing note payable matures, the total payment will be Oa. $560 Ob. $140 Oc. $11,760 Od. $11,340 0 0 0 0Compute the maturity value as indicated for each of the following notes receivable. A. A $9,000, 6%, 3-month note dated July 20. Maturity value $____________. B. A $16,000, 9%, 150-day note dated August 5. Maturity value $____________.The maturity value of a 90,000, 10%, 60-day note receivable dated July 3 is
- 6) A company receives a 5%, 90-day note for $5,400. The total interest due on the maturity date is: (Use 360 days a year.) A) $67.50. B) $270.00. C) $157.50. D) $135.00. E) $90.00.Assuming a 360-day year, when a $14, 000, 90 - day, 12% interest - bearing note payable matures, the total payment will be a. $14, 420 b. $420 c. $1,680 d. $15, 680The interest due at maturity on a $489.52, 8% note, dated May 28 and due August 2 is a.$6.30. b.$7.18. c.$4.37. d.$6.04.
- 1.- Determine the maturity date and the amount at maturity (FMV), and the simple commercial interest of each of the following promissory notes (Use the table for the dates) Nominal value Initial date Term Ratea) $ 33,500 May 5 3 months 9%b) $ 82,000 March 15 90 days 8.75%c) $ 52,310 July 31 5 months 7.5%d) $184,000 September 8 150 days 11% NOTE: When referring to months, the expiration date is set on the same day of the initial month. Example: Starts on May 7 + three months = August 7. Note:The original exercise is in the image, it is in Spanish, but it is easy to understand. Another note:Please put the procedure explained, thank you very much for your attention bartleby expert!On June 8, Williams Company issued an $75,972, 6%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? When required, round your answer to the nearest dollar. Oa. $75,972 Ob. $77,491 Oc. $80,530 Od. $4,558 > Other fav tAssuming a 360-day year, when a $12,750, 90-day, 11% interest-bearing note payable matures, total payment will amount to: Select the correct answer. $1,403 $14,153 $13,101 $351