Maturity Value Assignment | Top Universities
March 17th, 2020
On November 1, Alan Company signed a 120-day, 9% note payable, with a face value of $25,200. What is the maturity value (principal plus interest) of the note on March 1? (Use 360 days a year.)
Multiple Choice
- $25,956
- $25,704
- $25,200
- $25,452. Get Accounting Homework Help Today