Final answer:
The total amount of cash due on the maturity date, including interest on a $9,650 note at 6.5% over 60 days, is actually $9,755.15. However, the closest option provided is 'D', which is still not an exact match, suggesting a typo in the question or options.
Step-by-step explanation:
To calculate the total amount of cash due on the maturity date of a 60-day note with a principal of $9,650 and an annual interest rate of 6.5%, we need to first find the amount of interest accrued over the 60-day period. Since there are 360 days in a year for financial calculations, we determine the interest by:
Interest = Principal × Annual Interest Rate × (Number of days/360)
Interest = $9,650 × 0.065 × (60/360)
Interest = $9,650 × 0.065 × (1/6)
Interest = $105.15 (rounded to the nearest cent)
The total amount due then is the sum of the principal and the accrued interest:
Total Amount Due = Principal + Interest
Total Amount Due = $9,650 + $105.15
Total Amount Due = $9,755.15
However, none of the given options matches this calculation, so the final answer may be a typo or the question may be incorrectly stated. If no typos were in the options, the closest option would be 'D', but as stated it is not an exact match. It is recommended to review the question's details or consult additional resources.