Actuarial Science Mathematics of Finance Discounted Value 6. For cach promissory note in the following table, determine the maturity date, maturity value, dis- counted period, and the proceeds. No.Da...

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6. For cach promissory note in the following table, determine the maturity date, maturity value, dis- counted period, and the

Actuarial Science Mathematics of Finance Discounted Value

business finance

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Answer #1

No 1 -

Maturity date - February 3rd,

Maturity Value - $3000

Discounted Period - 64 days

Proceeds - $3000 - $53.92 (3000 * 10.25% * 64/365) = $2946.08

No 2 -

Maturity date - June 23rd

Maturity Value - $518.41 ($500 + $18.41 (500 * 7% * 192/365))

Discounted Period - 182 days

Proceeds - $518.41 - $18.09 ($518.41 * 7% * 182/365)

Note - Total no of days for year considered as 365 days

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Actuarial Science Mathematics of Finance Discounted Value 6. For cach promissory note in the following table, determine the maturity date, maturity value, dis- counted period, and the proceeds. No.Da...

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Use ordinary interest: Principal $70,000 Rate of Interest: 11% Time: 90 days Maturity Value: A Date note made Mar 10 Date note discounted: April 15 discount period: B proceeds: C note to be discounted at 10%

Actuarial Science Mathematics of Finance Discounted Value 6. For cach promissory note in the following table, determine the maturity date, maturity value, dis- counted period, and the proceeds. No.Da...

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Use ordinary interest: Principal $70,000 Rate of Interest: 11% Time: 90 days Maturity Value: A Date note made Mar 10 Date note discounted: April 15 discount period: B proceeds: C note to be discounted at 10%

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Actuarial Science Mathematics of Finance Discounted Value 6. For cach promissory note in the following table, determine the maturity date, maturity value, dis- counted period, and the proceeds. No.Da...