The Amount of the Promissory Note Plus the Interest Earned

question 13

Multiple Choice

The amount of the promissory note plus the interest earned on the due date is called the

• A) interest value
• B) maturity value
• C) face value
• D) issuance value

---

Definitions:

Fund

A pool of money set aside for a specific purpose or invested in a variety of financial instruments to generate returns for its investors.

Three-Month Period

A timeframe equivalent to a quarter of a year, often used in financial reporting and measurement.

Charity Drive

A campaign organized to raise funds or collect goods for charitable purposes.

Donation

Voluntary giving of resources such as money, goods, or time to help individuals, organizations, or communities.