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Author Question: A 4-month, 7.26% percent promissory note dated June 10, 2013 has a maturity value of $6231.34. What ... (Read 796 times)

ss2343

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Question 1

Find the present value and the amount of discount for a four-month non-interest-bearing note for $9 180 issued December 2, 2014, if money is worth 7.2% on February 28, 2015.

Question 2

A 4-month, 7.26% percent promissory note dated June 10, 2013 has a maturity value of $6231.34. What is the face value of the note?


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Marked as best answer by ss2343 on Jun 6, 2019

chevyboi1976

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