Indicate the best answer for each question in the space provided.
On November 30, Year 1, Central Food purchased two trucks for a total of $140,000, issuing a one-year, 6% note payable, all due at maturity. The interest on this loan is stated separately.
-Refer to the above data. How much must Central Food pay the lender upon maturity of this note?
A) $140,700.
B) $140,000.
C) $147,700.
D) $148,400.

Question

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The Answer of Indicate the best answer for each question in the space provided.
On November 30, Year 1, Central Food purchased two trucks for a total of $140,000, issuing a one-year, 6% note payable, all due at maturity. The interest on this loan is stated separately.
-Refer to the above data. How much must Central Food pay the lender upon maturity of this note?
A) $140,700.
B) $140,000.
C) $147,700.
D) $148,400.

Indicate the Best Answer for Each Question in the Space