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gewusel gewusel
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6 years ago
Determine the maturity value of a 120-day note for $2260.00 dated May 9 and bearing interest at 5.66%.
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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wrote...
6 years ago
P = 2260; r = .00566; t = 
S = P(1 + rt) = 2260  = 2260(1.0190734) = 2303.11
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