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Author Question: A $25 641.00 investment matures in seven years, two months. Find the maturity value if interest is ... (Read 110 times)

CBme

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on: Jun 6, 2019

Question 1

Derik bought a promissory note this morning. Find the maturity value of the promissory note for $1200.00 dated March 31, 2016, and due on August 31, 2026, if interest is 3.64% compounded quarterly.
◦ $1318.75
◦ $1724.05
◦ $1750.28
◦ $5323.00
◦ $1741.51

Question 2

A $25 641.00 investment matures in seven years, two months. Find the maturity value if interest is 6.11% p.a. compounded quarterly.
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by CBme on Jun 6, 2019

Dunkey

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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.
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CBme

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Reply 2 on: Jun 6, 2019
YES! Correct, THANKS for helping me on my review

isabelt_18

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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