a 60-day, 12% note for $7,000, dated april 15, is received from a customer on account. the face value of the note is: a. $7,140 b. $6,860 c. $7,000 d. $7,840

The face value is the value of a coin, stamp or paper money, as printed on the coin, stamp or bill itself by the issuing authority. The face value of coins, stamps, or bill is usually its legal value. However, their market value need not bear any relationship to the face value. For example, some rare coins or stamps may be traded at prices considerably above their face value. so the face value is $7000

It's like discovering the answer to a puzzle. the purpose in solving an equation is to find the value or values of the variable that makes it a true statement. any value of the variable that makes the equation true is called a solution to the equation.