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    Exam 11: Promissory Notes, Simple Discount Notes, and the Discount Process
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    Calculate the Maturity Value for a Note at $51,000 for 62
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Calculate the Maturity Value for a Note at $51,000 for 62

Question 69

Question 69

Short Answer

Calculate the maturity value for a note at $51,000 for 62 days at 9%.

Correct Answer:

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I = 51,000 × .09 × 6...

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