A company borrowed $10,000 by signing a 180-day promissory note at 11%. The maturity value of the note is:
A. $12,050
B. $12,275
C. $10,550
D. $12,825
E. $13,100
Answer: C
A company borrowed $10,000 by signing a 180-day promissory note at 11%. The maturity value of the note is:
A. $12,050
B. $12,275
C. $10,550
D. $12,825
E. $13,100
Answer: C