The Amount of Cash Received at Maturity for a $5,000

question 10

True/False

The amount of cash received at maturity for a $5,000, 90-day, 6% note receivable is $75.
Cash received = 5075 = Interest (5,000 x 90/360 x .06 = $75) + principal ($5000).

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Definitions:

Capital Shares

Equity securities that represent ownership in a corporation, entitling the shareholder to a share of the company's profits.