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# A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The term ... wrote... Posts: 406 Rep: 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
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Edition: 11th
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Answer verified by a subject expert
SupremeSupreme
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Posts: 374
Rep:
5 years ago

### Related Topics

Anonymous
wrote...
7 months 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? Attached file  Thumbnail(s): You must login or register to gain access to this attachment.
wrote...
3 months ago
 Help! The answer is missing an explanation...Post Merge: 3 months agosolution is missing
Anonymous
wrote...
3 months ago
 Solution now given, hope that helps!