What is the maturity value of a $30,000, 12%, six-month note?a. $28,200b. $33,600c. $30,000d. $31,800

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 21MC: A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an...
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What is the maturity value of a $30,000, 12%, six-month note?
a. $28,200
b. $33,600
c. $30,000
d. $31,800

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