What Is the Maturity Value of a 3-Month,13% Note for $50,000

question 156

Multiple Choice

What is the maturity value of a 3-month,13% note for $50,000? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

• A)$52,000
• B)$56,500
• C)$51,625
• D)$50,000

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Definitions:

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