Business, 22.01.2020 23:31 alleshia2007
On july 8, action co. issued a $70,000, 6%, 120-day note payable to scanlon co. assuming a 360-day year, what information is needed to calculate the maturity value of the note? a. the interest rate (6%) and the term (120 days) are needed to calculate the maturity value of the note. b. the face value of the note ($70,000) is needed to calculate the maturity value of the note. c. the face value ($70,000), interest rate (6%), and term (120 days) are needed to calculate the maturity value of the note. d. none of the information given is needed to calculate the maturity value of the note.
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On july 8, action co. issued a $70,000, 6%, 120-day note payable to scanlon co. assuming a 360-day y...
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