A 90 day, 12% note for $20,000 dated July 1 is received from a customer. What is the maturity value of the note

maturity value of the note= $20,600

Explanation:

Interest = Principal x Rate x period /time

Assuming 360 days = 1 year  

Interest = 20000 x 12% x 90/360

Interest = $600

Maturity value = Principal amount + interest accrued on due date

$20000 + $600 = $20,600.

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.