Ask a New Question
Search
the maturity value of a $20,000, 7%, 75-day interest-bearing note dated september 10 is?
1 answer
V = Vo + Vo*r*t.
V = 20,000 + 20000*(0.07/360)*75 =
$20,291.67
Similar Questions
Amy has a 10% interest bearing note dated 3 March 2020. The term of the note is 120 days.
On 15 May 2020, she discounts the note
1 answer
Ahmad received a 60 days, 10% interest bearing note which is dated on 3 April 2023. Then, 30 days before maturity date, he went
1 answer
Ahmad received a 60 days, 10% interest bearing note which is dated on 3 April 2023. Then, 30 days before maturity date, he went
1 answer
9.A 10%,100-day note was dated 20 september 1992.the maturity value of the note was $3083.33.If the note was discounted on 17
3 answers
more similar questions