If the Interest on a Note Was 12

question 49

Multiple Choice

If the interest on a note was 12.5% and the principal was $100,000, what was the Maturity Value of the note, if the note is outstanding for 7 months?

• A)$7,291.67
• B)$107,291.67
• C)$112,500.00
• D)$1,142.86

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