The amount of the promissory note plus the interest earned on the due date is called the:
A) market value.
B) maturity value.
C) face value.
D) discounted value.

Question

Quizplus · Accepted Answer

The maturity value is the total amount owed on a promissory note on the due date, including the principal amount borrowed and the interest accrued. The market value refers to the current value of an asset, which may differ from its maturity value. The face value is the original amount borrowed, and the discounted value is the present value of future cash flows, which may not apply to a promissory note that has a fixed repayment schedule.

The Amount of the Promissory Note Plus the Interest Earned