Chat with AIExam 8: Simple Interest Applications
Exam 1: Review of Arithmetic103 Questions
Exam 2: Review of Basic Algebra193 Questions
Exam 3: Ratio, Proportion, and Percent152 Questions
Exam 4: Linear Systems81 Questions
Exam 5: Trade Discount, Cash Discount, Markup, and Markdown119 Questions
Exam 6: Break-Even and Cost-Volume-Profit Analysis24 Questions
Exam 7: Simple Interest95 Questions
Exam 8: Simple Interest Applications63 Questions
Exam 9: Compound Interest - Future Value and Present Value123 Questions
Exam 10: Compound Interest - Further Topics53 Questions
Exam 11: Ordinary Simple Annuities76 Questions
Exam 12: Ordinary General Annuities74 Questions
Exam 13: Annuities Due, Deferred Annuities, and Perpetuities132 Questions
Exam 14: Amortization of Loans, Including Residential Mortgages59 Questions
Exam 15: Bond Valuation and Sinking Funds81 Questions
Exam 16: Investment Decision Applications56 Questions
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A promissory note has a face value of $5 175.00 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%. What is the maturity value of the note?
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(43) Bradley purchased a 91-day, $100 000 T-bill on its issue date for $99 237.96. What was the original yield of the T-bill?
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(36) You lend a friend $1300 on May 11th. The demand loan rate is 10.12%. Your friend makes a partial payment on May 26th for $550 and on June 19th for $675. You demand full repayment of the outstanding balance on July 17th. What is the final payment amount to? Use the declining balance method.
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