What is the maturity value of a $9,000 note, bearing interest at 9 percent, and due...
What is the maturity value of a $9,000 note, bearing interest at 9 percent, and due 105 days after date of issue of the note?
Homework Answers
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Maturity value = Principal + Interest = 9,000 + (9,000*9%*105/360) = 9,000 + 236.25 = 9236.25 |
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What is the maturity value of a $9,000 note, bearing interest at
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