9. Collin Co. issues a 90-day, 12.5% note for $19,300. What is the principal amount...
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9. Collin Co. issues a 90-day, 12.5% note for $19,300. What is the principal amount of the note? (Round to nearest dollar.) A) $19,903 B) $5,428 C) $19,300 D) $21,825
10. The maturity value of a note is the ________. A) principal amount minus interest due at maturity B) principal amount times the interest rate C) face amount of the note D) principal amount plus interest due at maturity
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