Find the maturity value of each of the following notes payable 1 A 60 day note, dated February 15, 2016, with a face value of $24,000, bearing interest at 8 percent 2 A six month note, dated March 10, 2016, with a face value of $9,200, bearing interest at 11 percent ...

Find the maturity value of each of the following notes payable: 1. A 60-day note, dated February

Question:

Find the value of each of the following notes payable:
1. A 60-day note, dated February 15, 2016, with a of $24,000, bearing interest at 8 percent.
2. A six-month note, dated March 10, 2016, with a of $9,200, bearing interest at 11 percent.
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...