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Author Question: The maturity value of a five-month promissory note issued May 31, 2013, is $2134.00. What is the ... (Read 238 times)

sheilaspns

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Question 1

The maturity value of a 155-day 7.5% note dated March 14 is $1721.74. Compute the face value of the note.

Question 2

The maturity value of a five-month promissory note issued May 31, 2013, is $2134.00. What is the present value of the note on the date of issue if money is worth 6.3%?


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Marked as best answer by sheilaspns on Jun 6, 2019

amcvicar

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