The Maturity Value of a 90-Day Note for $4,000 That

question 64

Multiple Choice

The maturity value of a 90-day note for $4,000 that bears interest at 10 percent is (Assume 360 days in a year.)

• A)$4,400.
• B)$4,100.
• C)$4,000.
• D)$3,900.

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Definitions:

Circle

A geometrical shape consisting of all points in a plane that are a certain distance from a given point, the center.

Square

In mathematics, a square refers to a polygon with four equal sides and four right angles. In programming, it often involves multiplying a number by itself.

Composition

A design principle where a class is made up of one or more objects of other classes in order to achieve software reusability and a better organized structure.

Aggregation

A relationship between two classes where one class is a part of or a member of the other.