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Science-Related Homework Help Mathematics Topic started by: majarm on Nov 26, 2017



Title: Find the maturity date and the maturity value of a $1415.00, 5.25%, 220-day note dated February 25, ...
Post by: majarm on Nov 26, 2017
Find the maturity date and the maturity value of a $1415.00, 5.25%, 220-day note dated February 25, 2012.


Title: Re: Find the maturity date and the maturity value of a $1415.00, 5.25%, 220-day note dated February ...
Post by: rmaccara on Nov 26, 2017
Legal due date is October 5, 2012.
Interest period February 25, 2013 to October 2, 2012 = 223 days.
Maturity value = 1415   = 1415.00(1.0320753) = 1460.39