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 225 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?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Telangiectasias usually occurs in women and on the face Telangiectasias usually occurs in women and on the face
Term neonate. Term neonate.
To help his students understand the term generalized other, Mead used baseball as an illustration. ... To help his students understand the term generalized other, Mead used baseball as an illustration. ...
The sense of taste. Note: taste buds are located on the anterior and posterior portions of the ... The sense of taste. Note: taste buds are located on the anterior and posterior portions of the ...
Skin testing. Note the spot labeled H, which is the positive histamine control, and the spot labeled ... Skin testing. Note the spot labeled H, which is the positive histamine control, and the spot labeled ...
Video: Bacteriophage (Virus) - Mice Experiment

For a complete list of videos, visit our video library