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

User Viswanth Chadalawada
by
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1 Answer

4 votes
Hi there

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