On Nov 1, Carter Company signed a 120 day, 10 note payable, with a face value of $9,000 What is the maturity value of the note on Mar 1 ...

Computation of the Maturity Value on March 1 Given i ...

On Nov.1, Carter Company signed a 120-day, 10% note payable, with a face value of $9,000. What

Question:

On Nov.1, Carter Company signed a 120-day, 10% note payable, with a of $9,000. What is the value of the note on Mar. 1?

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...