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-   -   Note payable at maturity (https://www.askmehelpdesk.com/showthread.php?t=337197)

  • Apr 2, 2009, 06:03 PM
    blueemi
    note payable at maturity
    On December 11 a note is issued at 12% for $15,000. How much cash is paid at maturity. I thought it was 15,150 (15,000x12%x1/12) but that is not correctr
  • Apr 3, 2009, 02:26 AM
    ROLCAM

    When is maturity ?
  • Apr 3, 2009, 03:25 PM
    blueemi
    It is a 30 day note
  • Apr 3, 2009, 07:09 PM
    ROLCAM

    On December 11 a note is issued at 12% for $15,000. How much cash is paid at maturity. I thought it was 15,150 (15,000x12%x1/12) but that is not correct.
    When is maturity ?
    it is a 30 day note .

    YES , $15,150 is correct.

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