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majarm majarm
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6 years ago
Find the maturity date and the maturity value of a $1415.00, 5.25%, 220-day note dated February 25, 2012.
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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wrote...
6 years ago
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
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