Marsh Corporation borrowed $90,000 by issuing a 12%, six-month note payable, all due at the maturity date. After one month, the company's total liability for this loan amounts to:
A) $90,450
B) $90,000
C) $90,900
D) $91,800

Question

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The Answer of Marsh Corporation borrowed $90,000 by issuing a 12%, six-month note payable, all due at the maturity date. After one month, the company's total liability for this loan amounts to:
A) $90,450
B) $90,000
C) $90,900
D) $91,800

Marsh Corporation Borrowed $90,000 by Issuing a 12%, Six-Month Note