menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Business Mathematics Study Set 1
  4. Exam
    Exam 7: Applications of Simple Interest
  5. Question
    Calculate the Maturity Value of a 120-Day, $1,000 Face Value
Solved

Calculate the Maturity Value of a 120-Day, $1,000 Face Value

Question 97

Question 97

Short Answer

Calculate the maturity value of a 120-day, $1,000 face value note dated September 5, 2016, earning interest at 4.75%.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q92: Determine the legal due date for a

Q93: Joan has savings of $12,000 on June

Q94: The local bank pays simple interest calculated

Q95: On September 12, Claire had $8,000 in

Q96: Suppose that the current rates on 60

Q98: A conditional sale contract requires two payments

Q99: Calculate missing value for the promissory note:<br><img

Q100: Suppose that the current rates on 90-and

Q101: An investment earning 16% simple interest has

Q102: On July 1, David borrowed $9,500 from

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines