Hafers, an electrical supply company, sold $4,800, 12%, 90-day note for a time extension of a bill for goods bought by Ron Prentice. On June 12, Scott discounted the note at Able Bank at 10%. What is the Maturity Value (MV).

To calculate the Maturity Value (MV) of the note, we need to consider the principal amount, the interest rate, and the time period.

In this case, the principal amount is $4,800, the interest rate is 12%, and the time period is 90 days.

First, let's calculate the interest amount using the formula:

Interest = (Principal * Rate * Time) / 100

Interest = (4800 * 12 * 90) / 100
Interest = 5184

Now, let's calculate the discount using the formula:

Discount = (Interest * Rate * Time) / (100 + (Rate * Time))

Discount = (5184 * 10 * 90) / (100 + (10 * 90))
Discount = 4956

The Maturity Value (MV) can be calculated by adding the Principal and the Discount:

MV = Principal + Discount
MV = 4800 + 4956
MV = 9756

Therefore, the Maturity Value (MV) of the note is $9,756.