The amount of the promissory note plus the interest earned on the due date is called the
A) interest value
B) maturity value
C) face value
D) issuance value

Question

Quizplus · Accepted Answer

The maturity value is the total amount that is due on the promissory note, including both the principal amount and the interest earned. The face value refers to the principal amount of the note, while the issuance value is the initial value at which the note was issued, which may or may not be the same as the face value. The interest value is not a commonly used term in the context of promissory notes.

The Amount of the Promissory Note Plus the Interest Earned