On October 1,2018,Parker Company made a loan to one of its customers.The customer signed a 9-month note for $150,000 at 13%.Calculate the maturity value of the note.(Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)
A) $164,625
B) $169,500
C) $130,500
D) $135,375

Question

Quizplus · Accepted Answer

$150,000 + [($150,000 × 13%) × 9/12] = $164,625

On October 1,2018,Parker Company Made a Loan to One of Its