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Quiz 8 Chapter 9

Quiz 8 Chapter 9

Q • Question 1 0.2 out of 0.2 points Assume a 60-day, 6% note for $60,000, dated June 1, is received from a customer on account. What is the face of the note? • Question 2 0.2 out of 0.2 points Assume a 60-day, 6% note for $60,000, dated June 1, is received from a customer on account. What is the amount of interest due on the note when the note matures? • Question 3 0 out of 0.2 points Assume a 60-day, 6% note for $60,000, dated June 1, is received from a customer on account. What is the maturity value of the note? • Question 4 0.2 out of 0.2 points Assume a 60-day, 6% note for $60,000, dated June 1, is received from a customer on account. What is the due date of the note? • Question 5 0.2 out of 0.2 points Assume a 90-day, 9% note for $10,000, dated March 10, is received from a customer on account. What is the due date of the note?

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1 $60,000 2 $600