Homework Answers
The maturity value will be 61,200.
The formula for calculating the maturity value will be as follow-
Principal + Interest
= 60,000 + (60,000*6%)*120/360
= $61,200
Please comment for any explanation,
Thanks
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assumed.
Gonzalez Co. entered into the following transactions involving
short-term liabilities. (Use 360 days a
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20
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