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The maturity value of a $100,000, 9%, 60-day note receivable dated july 3 is

The maturity value of a $100,000, 9%, 60-day note receivable dated july 3 is
asked 174k views
4 votes
The maturity value of a $100,000, 9%, 60-day note receivable dated july 3 is

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User Viswanth Chadalawada
by
8.0k points

1 Answer

4 votes
Hi there

The maturity value is
100,000×(1+0.09×(60÷360))
=101,500....answer
answered
User Jodonnell
by
7.9k points
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