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    Practical Business Math Procedures Study Set 2
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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 $61,000 for 62
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Calculate the Maturity Value for a Note at $61,000 for 62

Question 80

Question 80

Short Answer

Calculate the maturity value for a note at $61,000 for 62 days at 5% (use 360).

Correct Answer:

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I = 61,000 × .05 × 6...

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