lake a lest- Enn Mack-Google Chrome 0 Serure | https://www.mathxl.oStdent/Player

Question

lake a lest- Enn Mack-Google Chrome 0 Serure | https://www.mathxl.oStdent/PlayerTest.aspx?testld-178593970centerwin-yes AC 231 ON (Online) Spring 2018 Erin Mack ? | 4/10/18 11:20 AM Test: Test #4-Chapters 8 & 9 Time Remaining: 1 5329 Submt lest This Question: 1 pt 2 of 20 1 complata) This Test: 30 pts possible pe On October 2018, Far er, Inc. made a loan to one of its customers. The customer saanec a mont no e or s1 10, o a 12% acu ate me ma un value of the note Round any n ermediate calculations tot o deci al places, and our nna ans er to the nearest dolla $123 200 C. $96,800 Cick to select your answer 1120 AM Type: here to search 4/10/2018

Explanation / Answer

Maturity value of the note = 110000+(110000*12%/12*9)= $119900 Option B is correct

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