What Is the Maturity Value of a 3-Month,13% Note for $50,000

question 156

Multiple Choice

What is the maturity value of a 3-month,13% note for $50,000? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

• A)$52,000
• B)$56,500
• C)$51,625
• D)$50,000

---

Definitions:

Practice Play

Play that involves repetition of behavior when new skills are being learned or when physical or mental mastery and coordination of skills are required for games or sports. Practice play can be engaged in throughout life.

Social Play

Play that involves interactions with peers.

Preschool Years

The preschool years refer to the period in a child's life before they enter compulsory education, usually ranging from ages 3 to 5, characterized by significant development in language, social, and motor skills.

Dramatically

In a manner that is striking, impressive, or with great emphasis; often used to describe a significant change or effect.