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When a note is noninterest-bearing the maturity value equals the?
principal
Maturity value of an interest-bearing note payable is the?
Face value plus interest.
The maturity value of a 20000 7 percent 75-day interest-bearing note dated September 10 is?
20291.67
Is the amount of promissory note is called maturity value?
No, the amount of the promissory note is the face vale not maturity value. Maturity value is the value of the money on the promissory note after a period of time.
The equation for computing interest on an interest bearing note is as follows interest equals maturity value times interest rate times time?
yes
When an interest-bearing note matures the balance in the Notes Payable account is?
The principal or maturity value. The premium or discount should be fully amortized down to zero.
When an interest-bearing note matures what is the balance in the notes payable account?
The principal or maturity value. The premium or discount should be fully amortized down to zero.
What is a zero-coupon note?
A zero-coupon note is a note which pays at maturity the value of the note with no separate interest payments.
When a company receives an interest bearing note?
Debit notes receivable for the face value of the note.
When a company receives an interest-bearing note receivable?
Debit notes receivable for the face value of the note.
When a company receives an interest-bearing note receivable it will do what?
debit Notes Receivable for the face value of the note.
Widgets r us received proceeds of 3082.67 from a simple discount note at 11 interest for 4 months What is the maturity value of the note?
To calculate the maturity value of the note, we first need to determine the discount amount. The formula for the maturity value (MV) is given by MV = Proceeds + Discount. The discount can be calculated using the formula: Discount = Proceeds × (Interest Rate × Time). Here, the interest rate is 11% (0.11) and the time is 4 months (1/3 of a year). Discount = 3082.67 × (0.11 × (4/12)) = 3082.67 × 0.03667 ≈ 113.33. Now, adding the discount to the proceeds gives us the maturity value: MV = 3082.67 + 113.33 ≈ 3196.00. Thus, the maturity value of the note is approximately $3,196.00.
