The maturity value for a $10,000, 72-day note at 7% interest is $10,140.

Name: The maturity value for a $10,000, 72-day note at 7% interest is $10,140.
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Quizplus · Accepted Answer

The maturity value is calculated as the principal amount plus the interest earned. The interest earned is calculated as the principal amount multiplied by the interest rate multiplied by the time period. In this case, the interest earned is $10,000 x 0.07 x 72/360 = $140. Therefore, the maturity value is $10,000 + $140 = $10,140.

The Maturity Value for a $10,000, 72-Day Note at 7