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majarm majarm
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5 years ago
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
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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SupremeSupreme
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Anonymous
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#2
3 weeks ago
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?
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