The maturity value of a $208,637, 10%, 40-day note receivable dated July 3, assuming a 360-day...
The maturity value of a $208,637, 10%, 40-day note receivable dated July 3, assuming a 360-day year, is $208,637 $217,910 $210,955 $229,501
Homework Answers
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Maturity value = Principal + Interest = 208,637 + (208,637*10%*40/360) = 208,637 + 2318 = 210,955 Option C |
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