On October 1, 2017, Parkin, Inc. made a loan to one of its customers. The customer signed a 9-month note for $150,000 at 14%. Calculate the maturity value of the note. (Round your answer to the nearest dollar.)
A) $165,750
B) $171,000
C) $129,000
D) $134,250
A .$150,000 + [($150,000 x 14%) x 9/12] = $165,750
Business