A $10,000, 12%, 60-day note receivable is received on January 12. The note is discounted at 12% on January 18. The maturity value of the note is
A. $10,000
B. $10,100
C. $10,200
D. $11,200
Answer:C
A $10,000, 12%, 60-day note receivable is received on January 12. The note is discounted at 12% on January 18. The maturity value of the note is
A. $10,000 B. $10,100 C. $10,200 D. $11,200