What is the maturity value of a 6-month,13% note for $80,000? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)
A) $82,000
B) $90,400
C) $85,200
D) $80,000

Name: What is the maturity value of a 6-month,13% note for $80,000? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.) A) $82,000 B) $90,400 C) $85,200 D) $80,000
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Question

Quizplus · Accepted Answer

($80,000 × 13%) × 6/12 = $5200
$80,000 + $5200 = $85,200

What Is the Maturity Value of a 6-Month,13% Note for $80,000