Question
A company borrowed $15,000 on September 1, 2022 issuing a 6-month, 10% interest-bearing note to the bank, with principal and interest payable at maturity. What
A company borrowed $15,000 on September 1, 2022 issuing a 6-month, 10% interest-bearing note to the bank, with principal and interest payable at maturity. What is the maturity value of the note?
| $16,500 | ||
| $15,750 | ||
| $15,000 | ||
| $14,250 |
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Basel III, The Devil And Global Banking
Authors: D. Chorafas
2nd Edition
0230353770, 9780230353770
