The principal amount of a note receivable plus the interest due is referred to as the note's

Question

Quizplus · Accepted Answer

The principal amount of a note receivable refers to the amount of money that was originally borrowed and due to be repaid. The interest due is the additional amount of money that is charged for the use of that borrowed money. The sum of these two amounts is referred to as the note's maturity value, which represents the total amount due at the end of the loan term. Therefore, D, maturity value, is the correct answer.

The Principal Amount of a Note Receivable Plus the Interest