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Author Question: A $2850, five-month promissory note with interest at 6.15% is issued on June 1. Compute the proceeds ... (Read 1338 times)

lindiwe

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Question 1

Find the proceeds of a six-month note for $966 dated September 16, 2012, with interest at 5.45% if money is worth 5.75% on November 4, 2012.

Question 2

A $2850, five-month promissory note with interest at 6.15% is issued on June 1. Compute the proceeds of the note on August 13, when money is worth 7.5%.


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Marked as best answer by lindiwe on Jun 6, 2019

srodz

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