Multiple Choice
The amount of cash paid at maturity date on a $9,000 face value, 60-day note bearing interest at 6% is
A) $9,720
B) $9,090
C) $9,000
D) $7,200 9000 x 60/360 x .06 = 90; 9000 + 90 = 9090.
Correct Answer:
Verified
Correct Answer:
Verified
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