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A company receives a 10%, 90-day note for $4,500. The total interest due on the maturity date is:________ (use 360 days a year)

Respuesta :

A company receives a 10%, 90-day note for $4,500. The total interest due on the maturity date is $112.50.

$4,500 × 0.10 × 90/360 = $112.50

The maturity date refers back to the date when an investment, along with a certificate of deposit (CD) or bond, turns into due and is repaid to the investor. At that point, the funding stops paying interest, and investors can redeem amassed interest and their capital without penalty.

For a maturity date, your mortgage adulthood date could be several a long time down the road depending on the term. as an example, in case you purchase a $325,000 house with $25,000 down and a 30-yr mortgage on March four, 2022, the mortgage might mature on March 4, 2052.

The expiration date is the closing date on which an American-fashion alternative may be exercised, and the best date that an ECU-style option can be exercised. The adulthood date is the date on which the underlying transaction settles if the option is exercised

Learn more about the maturity date here: https://brainly.com/question/22680269

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