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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 227 times)

mpobi80

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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
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Marked as best answer by mpobi80 on Jun 6, 2019

ktidd

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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.
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mpobi80

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Reply #2 on: Jun 6, 2019
Thanks


ktidd

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Reply #3 on: Jun 6, 2019
Welcome :)


Duong Phuong

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Reply #4 on: Feb 10, 2020
thank you


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