A 60 -day, 12%note for $9,000, dated January 15, is recieved from a customer on account....
A 60 -day, 12%note for $9,000, dated January 15, is recieved from a customer on account. The maturity value of the note is.
Homework Answers
| Maturity value = Face value + Interest = 9000 + (9000*12%*60/360) = | 9180 |
| Note : Days in a year is taken to be 360 |
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A 60 -day, 12%note for $9,000, dated January 15, is recieved
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