The total that must be paid when a note becomes due is known as the
A) principal.
B) face value.
C) note value.
D) maturity value.

Question

Quizplus · Accepted Answer

The maturity value is the total amount that must be paid when a note becomes due, including the principal plus any interest that has accrued. The face value of a note refers only to the original amount borrowed or lent, and the note value is not a commonly used term in finance.

The Total That Must Be Paid When a Note Becomes