Question
9) A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The term is
9) A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The term is for 6 months. The rate of interest is 8.00%. What is the maturity value of the note?
A) $6242.60
B) $6246.60
C) $6200.60
D) $6248.60
E) $6244.60
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Managerial Accounting For Dummies
Authors: Mark P Holtzman, Karen Schoenebeck
1st Edition
1118116429, 978-1118116425
