Solved

Trust Worthy Bank Accepts a Promissory Note for $6,000 from a Customer

Question 72

Multiple Choice

Trust Worthy Bank accepts a promissory note for $6,000 from a customer on November 1,to be repaid in eight months plus 6% interest.The maturity value of the note is:


A) $6,240.
B) $6,140.
C) $6,075.
D) $6,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions