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Home Q & A Board Science-Related Homework Help Mathematics
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onlineerica onlineerica
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A year ago
Your friend signs a promissory note for $2,000 for 30 days with a rate of 2.25% attached. After fifteen days, you realize you need the money and sell the promissory to another friend to yield you 3.00%. What was the value of the note when you sold it?

▸ $2,001.11

▸ $2,003.40

▸ $2,184.30

▸ $2,402.50

▸ $2,304.30
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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armywahinearmywahine
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A year ago
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Anonymous
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#2
9 months ago
Help! The answer is missing an explanation...
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#3
Educator
9 months ago
Does that help?! I updated the poster's post with my answer.
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