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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
On October 1, 2017, Parkin, Inc. made a loan to one of its customers. The customer signed a 6-month note for $120,000 at 14%. Calculate the maturity value of the note. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $111,600
B) $103,200
C) $128,400
D) $136,800
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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7 years ago
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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#3
4 years ago
I have not seen the answer yet to comment...
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#4
4 years ago
thanks
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#5
4 years ago
thanks
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