The maturity value of a note is the:
A)principal amount minus interest due.
B)principal amount plus interest due.
C)face amount of the note.
D)principal amount times the interest rate.

Question

Quizplus · Accepted Answer

The maturity value of a note is the amount that is due at the end of the note's term, which includes both the principal amount borrowed and the interest due on that amount. Therefore, the correct answer is B, as it is the sum of the principal amount and interest due.

The Maturity Value of a Note Is The