The amount of cash paid at maturity date on a $9,000 face value, 60-day note bearing interest at 8% is _____________________.
9000 x 60/360 x .08 = 120; 9000 + 120 = 9,120.

Question

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The Answer of The amount of cash paid at maturity date on a $9,000 face value, 60-day note bearing interest at 8% is _____________________.
9000 x 60/360 x .08 = 120; 9000 + 120 = 9,120.

The Amount of Cash Paid at Maturity Date on a $9,000