The maturity value of a $4,000, 9%, 60-day note receivable dated February 10th is

Name: The maturity value of a $4,000, 9%, 60-day note receivable dated February 10th is
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The maturity value of a note is calculated by adding the interest to the principal. The interest for a 60-day note with a principal of $4,000 at 9% annual interest is calculated as follows: Interest = Principal x Rate x Time = $4,000 x 0.09 x (60/365) = $60. Therefore, the maturity value is $4,000 + $60 = $4,060.

The Maturity Value of a $4,000, 9%, 60-Day Note Receivable