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Author Question: On July 12, 2013 a 140-day note promissory note for $9 175 with interest at 5.75% was issued. Find ... (Read 240 times)

renzo156

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Question 1

A 7-month note dated May 1, 2014 is made at 3.75% for $3705. What is the present value of the note on September 4, 2014, if money is worth 6.87%?

Question 2

On July 12, 2013 a 140-day note promissory note for $9 175 with interest at 5.75% was issued. Find the proceeds of the note on September 30, 2013 if money is worth 7%.


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Marked as best answer by renzo156 on Jun 6, 2019

Dunkey

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renzo156

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


coreycathey

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

 

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