Asked by Bethel
A 10 month promissory note for #30000 with interest at 6% Per annum was written today.find it's value 4 months from today if money is worth 5% per annum
Answers
Answered by
Henry
V = Vo + Vo*r*t.
V = 30,000 + 30,000*(0.05/12)*4.
V = 30,000 + 30,000*(0.05/12)*4.
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