The maturity value of a $16,000 non-interest-bearing, simple discount 6%, 60-day note is:

Here is how we are going to get the answer. Given that the maturity value of a $16,000 non-interest-bearing, simple discount 6%, the 60-day note would be this: 16,000 x 0.06 x 60/360 = x
       960 x 60/360 = x
       960 x 0.17 = x
       x = 163.2
So the answer for this would be $163.20. Hope this answers your question.

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