Question

The amount due on the maturity date of a $10,900, 60-day 6%, note receivable is: (Use 360 days a year.)

Answer 1

$11,009

Step-by-step explanation:

Calculation to determine The amount due on the maturity date

Amount due =10900 x .06 x 1/6 = $109 + $ 10900

Amount due=$11,009

Therefore The amount due on the maturity date is $11,009