Final answer:
The maturity value of a $25,000, 12%, 3-month note receivable is $25,750.
Step-by-step explanation:
The maturity value of a $25,000, 12%, 3-month note receivable dated March 1 can be calculated using the formula for simple interest:
Maturity Value = Principal + (Principal * Interest Rate * Time)
In this case, the principal is $25,000, the interest rate is 12% (or 0.12 as a decimal), and the time is 3 months (or 0.25 years).
Therefore, the maturity value is:
Maturity Value = $25,000 + ($25,000 * 0.12 * 0.25) = $25,750