The Maturity Value of a $90,000 Face Value, 90-Day Note

question 62

Multiple Choice

The maturity value of a $90,000 face value, 90-day note bearing interest at 9 percent is (Assume 360 days in a year.)

• A)$2,025.
• B)$8,100.
• C)$98,100.
• D)$92,025.