On October 1,2017,Parkin,Inc.made a loan to one of its customers.The customer signed a 9-month note for $150,000 at 14%.Calculate the maturity value of the note.(Round your answer to the nearest dollar. )
A) $165,750
B) $171,000
C) $129,000
D) $134,250
Correct Answer:
Verified
Q117: Interest on a $6,000 note at 8%
Q118: Average Art is a new business.During its
Q119: Interest on a $100,000 note at 4%
Q120: When determining the date of maturity of
Q123: On October 1,2017,Ealys Jewelers accepted a 4-month,11%
Q124: On October 1,2017,Miller,Inc.made a loan to one
Q125: On October 1,2016,Lee's Electronic sold merchandise in
Q126: Calculate the interest on a 270-day,11% note
Q135: On July 1,2017,Collins Jewelers accepted a 3-month,15%
Q155: The entity that signs the promissory note
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents