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 223 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?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

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?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

A 100-Year Flood Map of Montpelier, Vermont A 100-Year Flood Map of Montpelier, Vermont
Children with Down syndrome have a small head, short, thick neck, flattened face, and a distinctive ... Children with Down syndrome have a small head, short, thick neck, flattened face, and a distinctive ...
Hepatitis B antigens and antibody in an acutely infected patient with recovery. Note the indicators ... Hepatitis B antigens and antibody in an acutely infected patient with recovery. Note the indicators ...
Stretch the extensor muscles with flexion at the wrist. Reposition the palm to face the table. Apply ... Stretch the extensor muscles with flexion at the wrist. Reposition the palm to face the table. Apply ...
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
Video: Audiology

For a complete list of videos, visit our video library