Question

compute the maturity value as indicated for each of the following notes receivable.

1>an $6,000, 6%, 3-month note dated april 20.

maturity value $____________.

2>a $14,000, 9%, 72-day note dated march 5.

maturity value $____________.

3>a $12,000, 5%, 30-day note dated september 10.

maturity value $____________.

4>a $9,000, 7%, 6-month note dated november 15.

maturity value $____________.

Answer

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