What Is the Maturity Value of a 6-Month, 11% Note

question 92

Multiple Choice

What is the maturity value of a 6-month, 11% note for $60,000? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

• A) $62,000
• B) $66,600
• C) $63,300
• D) $60,000

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