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 226 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?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Female leopard in the Sabi Sands area of South Africa. Note the white spot on its tail, used for com Female leopard in the Sabi Sands area of South Africa. Note the white spot on its tail, used for com
Face-to-face communication is the richest channel to relay a message from the sender to a receiver. Face-to-face communication is the richest channel to relay a message from the sender to a receiver.
In Chuck Close's portrait, the face is quite recognizable when viewed from a distance. Close ... In Chuck Close's portrait, the face is quite recognizable when viewed from a distance. Close ...
Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ... Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ...
Sample budget spreadsheet form for first year of business. Sample budget spreadsheet form for first year of business.
The Serial Numbers for Each Day of the Year The Serial Numbers for Each Day of the Year
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library