O Previous Page 2 of 18 i Next OnJuly 8, Action Co. tssued an $80,00. 6%, 90dey

Question

O Previous Page 2 of 18 i Next OnJuly 8, Action Co. tssued an $80,00. 6%, 90dey note peystietoS arion Co. Assuring a360-day year, what itom ton is feeded to calculate the matty value oftsncte? O b. The face value of the note (380,000) is needed to caioulane the maturity value of the ote O& The face value (380,0o0,inarest rate B) and term (00 days) are needed to caloulate the mahurity wvalue of the note O d. None of the Information glven is needed to caloulate the maburity value of the nete MacBook Air 8 3 5 W E command opton ption command

Explanation / Answer

For the calculation of maturity value of note we should know face value of note, Interest rate and time period of notes.

So answer is c) The face value (80000), Interest rate (6%) and terms (90 days) are needed to calculate the maturity value of note.

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