The maturity value of a $50,000, 90-day, 10% note payable is: a. $51,250 b. $48,750 c. $1,250
Question:
a. $51,250
b. $48,750
c. $1,250
d. $5,000
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...
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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