Find the maturity value of each of the following notes payable: 1. A 120-day note, dated...

Question

Question

business accounting

Answer 1

Answer #1

Maturity value = Amount of note+Interest

1) Maturity value = 31000+(31000*6%*120/360) = 31620

2) Maturity value = 5800+(5800*9%*6/12) = 6061

Answer 2

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