In a non-interest bearing note, the maturity value is the same as the:
A) proceeds
B) principal plus interest
C) principal
D) discount

Name: In a non-interest bearing note, the maturity value is the same as the: A) proceeds B) principal plus interest C) principal D) discount
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Question

Quizplus · Accepted Answer

In a non-interest bearing note, there is no interest charged, which means that the maturity value will be the same as the principal. Therefore, the correct answer is C) principal.

In a Non-Interest Bearing Note, the Maturity Value Is the Same