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Author Question: A note for $800 dated June 4, 2010, with interest at 8.25% p.a., is issued for 10 days. Determinea) ... (Read 350 times)

swpotter12

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Question 1

A note for $665 dated March 22, 2014, with interest at 7.34% per annum, is issued for 128 days. Determine
a) the legal due date;
b) the interest period (in days);
c) the amount of interest;
d) the maturity value.

Question 2

A note for $800 dated June 4, 2010, with interest at 8.25% p.a., is issued for 10 days. Determine
a) the legal due date;
b) the interest period (in days);
c) the amount of interest;
d) the maturity value.


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Marked as best answer by swpotter12 on Jun 6, 2019

dantucker

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