On October 1,2018,Parker Company Made a Loan to One of Its

question 176

Multiple Choice

On October 1,2018,Parker Company made a loan to one of its customers.The customer signed a 9-month note for $150,000 at 13%.Calculate the maturity value of the note.(Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)

• A) $164,625
• B) $169,500
• C) $130,500
• D) $135,375

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Definitions:

Units Bought

Refers to the quantity of a particular good or service purchased by consumers or businesses.

Tax Imposed

A financial charge or other levy placed upon an individual or a legal entity by a state or a functional equivalent of a state.

Consumer Surplus

The difference between the amount consumers are willing to pay for a good or service versus what they actually pay.

Tax Imposed

A financial charge or other levy placed upon an individual or a legal entity by a governmental organization.