This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The term ... (Read 163 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
on: Jun 6, 2019

Question 1

A promissory note has a face value of $5175.00 and it has a date of issue of April 2 this year. The term is for 5 months. The rate of interest is 6.75%. What is the maturity value of the note?
◦ $5342.30
◦ $5444.30
◦ $5334.20
◦ $5324.30
◦ $5234.30

Question 2

A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The term is for 6 months. The rate of interest is 8.00%. What is the maturity value of the note?
◦ $6244.60
◦ $6246.60
◦ $6248.60
◦ $6200.60
◦ $6242.60
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mpobi80 on Jun 6, 2019

ktidd

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


mpobi80

  • Hero Member
  • *****
  • Posts: 519
Reply #2 on: Jun 6, 2019
Thanks


ktidd

  • Sr. Member
  • ****
  • Posts: 319
Reply #3 on: Jun 6, 2019
Welcome :)


Duong Phuong

  • Newbie
  • *
  • Posts: 1
Reply #4 on: Feb 10, 2020
thank you


« previous next »
 

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth
20,000 year old Arctic ground squirrel mummy 20,000 year old Arctic ground squirrel mummy
Rate of Residential Change, Past Year, in the United States Rate of Residential Change, Past Year, in the United States
Endangerment sites of the head and face. Use only light to moderate pressure on head and face. Endangerment sites of the head and face. Use only light to moderate pressure on head and face.
Honey should never be given to children younger than one year of age Honey should never be given to children younger than one year of age
One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ... One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ...
Video: Hormonal regulation of pregnancy - weeks 2 through 38

For a complete list of videos, visit our video library