The maturity value of a $75,000, 8%, 90-day note receivable dated April 15 is: A) $76,500 B) $75,000 C) $81,000 D) $77,500

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 $75,000, 8%, 90-day note
receivable dated April 15 is:
A) $76,500
B) $75,000
C) $81,000
D) $77,500
Transcribed Image Text:The maturity value of a $75,000, 8%, 90-day note receivable dated April 15 is: A) $76,500 B) $75,000 C) $81,000 D) $77,500
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