menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 14: Notes Receivable and Notes Payable
  5. Question
    The Maturity Value of a $3,000,12%,6-Month Note Is
Solved

The Maturity Value of a $3,000,12%,6-Month Note Is

Question 76

Question 76

Multiple Choice

The maturity value of a $3,000,12%,6-month note is:


A) $360.
B) $3,600.
C) $3,000.
D) $3,180.

Correct Answer:

verifed

Verified

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

Related Questions

Q72: Given a 360-day year,the interest expense on

Q73: Smyth Company borrows $5,000 by giving the

Q74: An adjustment that must be made for

Q75: A $6,500,12% note dated April 23 for

Q78: Warner Enterprises was unable to collect a

Q79: Bill's Bikes discounts a 90-day,8%,$4,000 note at

Q80: A $6,500,12% note dated April 23 for

Q81: Given the following accounts:<br>[1] Cash<br>[2] Notes receivable<br>[3] Accounts receivable<br>[4] Interest receivable<br>[5] Notes

Q92: Why is the effective rate of interest

Q104: When Major endorsed customer Minor's note to

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines