Compute the maturity value on each of the following notes. Fill in the missing entries for time or maturity date. (Use a 360-day year.)
​

Maturity Value

For an interest-bearing note, it is the sum of the face value (principal) and the interest dollars: MV = P + I.

360-Day Year

An accounting assumption that simplifies interest calculations by using a year composed of twelve 30-day months.