Compute the maturity value for each of the following notes receivable.
1. An $8,000, 6%, 3-month note dated July 20.
Maturity value $____________.
2. A $12,000, 9%, 150-day note dated August 5.
Maturity value $____________.

Question

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The Answer of Compute the maturity value for each of the following notes receivable.
1. An $8,000, 6%, 3-month note dated July 20.
Maturity value $____________.
2. A $12,000, 9%, 150-day note dated August 5.
Maturity value $____________.

Compute the Maturity Value for Each of the Following Notes