Determine the maturity date, interest in 2013 and 2014, and maturity value for a 90-day, 12 percent,

Question:

Determine the date, interest in 2013 and 2014, and value for a 90-day, 12 percent, $15,000 note from a customer dated December 1, 2013, assuming a December 31 year end. (Round to the nearest cent.)

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...