The Amount of Cash Paid at Maturity Date on a $12,000

question 61

Multiple Choice

The amount of cash paid at maturity date on a $12,000 face value, 90-day note bearing interest at 10% is

• A) $1,200
• B) $12,000
• C) $300
• D) $12,300 12000 x 90/360 x .10 = 300; 12000 + 300 = 12300.

---

Definitions:

Social Capital

The networks, relationships, and norms that enable collective action and contribute to the social cohesion and economic prosperity of communities.

Legitimate Power

Authority that an individual or group possesses that is accepted and recognized by others, often stemming from a formal position or role.

Latent Ties

Potential relationships or connections within a social network that are not currently activated but can be mobilized when needed.

Monetization

The process of converting something into revenue, often used in the context of earning money from websites, apps, or other digital assets.