Compute the maturity value as indicated for each of the following notes receivable. A. A $9,000, 6%, 3-month note dated July 20. Maturity value $____________. B. A $16,000, 9%, 150-day note dated August 5. Maturity value $____________.

Compute the maturity value as indicated for each of the following notes receivable. A. A $9,000, 6%, 3-month note dated July 20. Maturity value $. B. A $16,000, 9%, 150-day note dated August 5. Maturity value $.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter17: Accounting For Notes And Interest

Section: Chapter Questions

Problem 3CE

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Question

Compute the maturity value as indicated for each of the following notes receivable.

A. A $9,000, 6%, 3-month note dated July 20.

Maturity value $____________.

B. A $16,000, 9%, 150-day note dated August 5.

Maturity value $____________.

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