Answer the Question About the Promissory Note Given

question 59

Multiple Choice

Answer the question about the promissory note given.
------------------------Promissory Note------------------------ March 12
Ninety days after date above, I promise to pay to the order of Thomas Ronney $780 dollars and no
Cents with interest at 11% per year, payable at Nations Bank Abercorn Branch.
Due: June 10 Signed: Fred Nester
--------------------------------------------------------------
What is the maturity value of the note?

• A)$865.80
• B)11% per year
• C)$780 and no cents
• D)$801.45