Answer:
e. None of the above
Explanation:
The computation of the maturity value is shown below:
= Issues amount + interest
where,
Issued amount = $90,000
And, interest equal to
= Issued amount × rate of interest × number of days ÷ (total number of days in a year)
= $90,000 × 9% × (120 days ÷ 360 days)
= $2,700
So, the maturity value would be
= $90,000 + $2,700
= $92,700
This is the answer but the same is not provided
