What Will Be the Maturity Value of $25,000 Placed in a 90-Day

question 37

Multiple Choice

What will be the maturity value of $25,000 placed in a 90-day term deposit paying a simple interest rate of 4.75%?

• A) $24,710.58
• B) $25,396.77
• C) $25,292.81
• D) $25,306.77
• E) $25,302.57

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Definitions:

Financial Obligation

A legal requirement to pay debt or fulfill financial contracts or agreements.

Competing Partnership

A business arrangement where partners are involved in separate ventures that directly compete with each other.

Active Part

The involvement or engagement in activities or actions, often implying a significant role in the process or outcome.

Certificate

A document serving as evidence or proof of certain facts, ownership, completion of requirements, or entitlements.