The maturity value of a 45-day note for $1,250 dated May 23 and bearing interest 8% is $1,262.5
Using this formula
Maturity value=Principal amount+ Interest
Let plug in the formula
Maturity value=$1,250+($1,250*8%*45 days/360 days)
Maturity value=$1,250+$12.5
Maturity value=$1,262.5
Inconclusion the maturity value is $1,262.5
Learn more about maturity value here:
https://brainly.com/question/2496341
