The maturity value of a $75,000, 8%, 90-day note receivable dated March 15 is: A) $75,000 B) $76,500 C) $81,000 D) $85,500
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- A nine months, 15% note for $9000 dated April 15 is reciebed for a customer. The maturity value of the note is what?A 60-day, 9% note for $10,000, dated May 1, is received from a customer on account. Use 30 day months and 360 day years in calculations of interest. The maturity value of the note is:A 100-day note with a face amount of $54,000 and interest rate of 9% is issued on June 1. Required: 1.Compute the following using a 360-day year: a. Maturity value of the note $___________ b. Maturity date ___________ c. Interest $___________ 2.The note is discounted on July 1. The bank discount rate is 12%. Compute the following: a. Number of days in the discount period ___________ b. Discount amount $___________ c. Proceeds $___________
- The face value of a ten month, 7.3% note dated February 28, 2006, is $1419 85 Determine each of the tems isted below Ignore any grace period (a) the legal due dato (b) the interest period (in days) (c) the amount of interest (d) the maturity value (a) The legal due date is February 28 2006 (b) The interest period is 304 days. (Type a whole number.) (e) The amount of interest is payable is S (Round the final answer to the nearest cent as needed. Round al intermediate values to sox decimal places as needed) (d) The maturity value of the note is (Round the final answer to the nearest cent as needed Round all intermediate values to sox decimal places as needed)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. $2,383Chemical Enterprises issues a note in the amount of $156,000 to a customer on January 1, 2018. Terms of the note show a maturity date of 36 months, and an annual interest rate of 8%. What is the accumulated interest entry if 9 months have passed since note establishment?
- Compute the maturity value for each of the following notes: Required: 1. A note payable with a face amount of $31,000, dated June 15, 20X1, due in three months, bearing interest at 4 percent. 2. A note payable with a face amount of $25,000, dated May 5, 20X1, due in 30 days, bearing interest at 6 percent. Complete this question by entering your answers in the tabs below. Required 1 Required 2 A note payable with a face amount of $31,000, dated June 15, 20X1, due in three months, bearing interest at 4 percent. (Round your "Interest rate" answer to two decimal places. i.e., 1% should be entered as 0.01.) Fraction of Principal x Interest Rate x Interest Year Maturity ValueA debt of $1881 with interest at 9.34% compounded monthly is to be repaid by equal payments at the end of each month for 5 years. What is the balance remaining (BAL) after the first payment? Payment Number PMT INT PRN BAL 0 - - - 1881 1 ?An obligation of GH¢1500 is due in 6 months with interest at 11%. At 15% simpleinterest, and the value of the obligation at the end of 3 months and at the end of 12months.