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



Title: A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The term ...
Post by: majarm on Nov 26, 2017
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?
A) $6242.60
B) $6246.60
C) $6200.60
D) $6248.60
E) $6244.60


Title: Re: A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ...
Post by: Supreme on Nov 26, 2017
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Title: Re: A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ...
Post by: Eighty8 on Feb 27, 2023
A promissory note has a face value of Dollar 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 percent. What is the maturity value of the note?


Title: BFSF: A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. ...
Post by: whitefox on Jun 6, 2023
Help! The answer is missing an explanation...
Post Merge: 10 months ago

solution is missing


Title: Re: A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ...
Post by: bio_man on Jun 6, 2023
Solution now given, hope that helps!