Examlex
Evaluate without using a calculator by using ratios in a reference triangle.
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Notes Payable
A liability in a company's balance sheet that records amounts the company owes because it borrowed money, or a formal written agreement to pay a specific amount in the future.
Maturity Value
The amount of the note that is due on the date of maturity (Principal + Interest).
Principal Amount
The original sum of money borrowed in a loan, or the original investment in a financial instrument, before interest.
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