Multiple Choice
Answer the question about the promissory note given.
------------------------Promissory Note------------------------ March 12
Ninety days after date above, I promise to pay to the order of Thomas Ronney $780 dollars and no
Cents with interest at 11% per year, payable at Nations Bank Abercorn Branch.
Due: June 10 Signed: Fred Nester
--------------------------------------------------------------
What is the maturity value of the note?
A) $865.80
B) 11% per year
C) $780 and no cents
D) $801.45
Correct Answer:
Verified
Correct Answer:
Verified
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