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



Title: A 4-month, 7.26% percent promissory note dated June 10, 2013 has a maturity value of $6231.34. What ...
Post by: Lada on Nov 26, 2017
A 4-month, 7.26% percent promissory note dated June 10, 2013 has a maturity value of $6231.34. What is the face value of the note?


Title: Re: A 4-month, 7.26% percent promissory note dated June 10, 2013 has a maturity value of $6231.34. ...
Post by: rmaccara on Nov 26, 2017
Legal due date is October 13, 2013.
Interest period June 10, 2001 to October 13, 2001 contains 125 days.
Face value: P =   =   = 6080.17