Match the terms with the definitions.
-The principal of the note plus interest.
A)accrued interest on notes payable
B)time
C)proceeds (note receivable)
D)principal of the note
E)notes payable register
F)credit advice
G)maturity value
H)discounting a note receivable
I)dishonored
J)effective rate
K)promissory note
L)maker

Question

Quizplus · Accepted Answer

The maturity value of a note is the total amount due at the end of the note's term, which includes both the principal and the interest.

Match the Terms with the Definitions