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davidpausiankhowv3nf
11.11.2020 •
Business
A 90-day, 12% note for $10,000, dated May 1, is received from a customer on account. The maturity value of the note is:.
a. $10,000
b. $9,550
c. $10,300
d. $450
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Ответ:
c. $10,300
Explanation:
The computation of the maturity value of the note is shown below:
Maturity value of the note = Face value + interest for 90 days
= $10,000 + $10,000 × 12% × (90 days ÷ 360 days)
= $10,000 + $300
= $10,300
We simply added the face value and the interest for 90 days so that the maturity value would come
Hence, the correct option is c. $103,00
We simply applied the above formula so that the correct value could come
And, the same is to be considered
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Colonies: got wealthy and became more self-sufficent, got used to governing themselves
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