The amount of a note receivable plus the total interest due is referred to as the:
A)face value of the note.
B)par value of the note.
C)principal value of the note.
D)maturity value of the note.

Question

Quizplus · Accepted Answer

The maturity value of a note refers to the total amount due at the maturity date, which includes both the principal amount of the note receivable and the total interest due.

The Amount of a Note Receivable Plus the Total Interest