The amount of the promissory note plus the interest earned on the due date is called the maturity value.
How is the due date on a promissory note determined?
The due date is established using the guidelines below: Date or the quantity of days. The due date is three days after the maturity date unless the note specifies a specific maturity date or specifies the precise number of days. Duration in Months The amount of a debt obligation that is specified as payable in a debt document is known as face value. The face amount of the debt instrument does not include any potential future interest or dividend payments.
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