On October 1, 2018, Parker Company made a loan to one of its customers. The customer signed a 9-month note for $150,000 at 13%. Calculate the maturity value of the note. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $164,625
B) $169,500
C) $130,500
D) $135,375
A) $164,625
Explanation: $150,000 + [($150,000 × 13%) × 9/12] = $164,625
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