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

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

Quizplus · Accepted Answer

The maturity value is the total amount due when a note becomes due, including both the principal and interest. The principal is the original amount borrowed, while the note value and face value are not commonly used terms in describing notes.

The Total That Must Be Paid When a Note Becomes