The maturity value of the note is 27830$
$27600*5%*60/360 equals $230 is the interest
Maturity value equals principal plus interest
I.e. 27600$ + 230$
=27830$
Maturity value — The amount paid under a life insurance policy when the insured reaches the final age according to the death chart on which the value of the contract is based or based on the insured's death.
Maturity Value is the amount an investor will receive at the maturity date or maturity of a product/security held over its term and is calculated by compounding interest on the principal amount. Interest in the power of time
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