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Find the Maturity Date and Proceeds

Question 49

Multiple Choice

Find the maturity date and proceeds. Round to the nearest cent.
-Face value: $3,500 Discount rate: Find the maturity date and proceeds. Round to the nearest cent. -Face value: $3,500 Discount rate:   Date made: July 15 Time: 180 days Maturity date:   Proceeds:   A) Maturity date: January 9 Proceeds: $3,329.38 B) Maturity date: January 9 Proceeds: $3,670.63 C) Maturity date: January 11 Proceeds: $3,670.63 D) Maturity date: January 11 Proceeds: $3,329.38
Date made: July 15
Time: 180 days
Maturity date: Find the maturity date and proceeds. Round to the nearest cent. -Face value: $3,500 Discount rate:   Date made: July 15 Time: 180 days Maturity date:   Proceeds:   A) Maturity date: January 9 Proceeds: $3,329.38 B) Maturity date: January 9 Proceeds: $3,670.63 C) Maturity date: January 11 Proceeds: $3,670.63 D) Maturity date: January 11 Proceeds: $3,329.38 Proceeds: Find the maturity date and proceeds. Round to the nearest cent. -Face value: $3,500 Discount rate:   Date made: July 15 Time: 180 days Maturity date:   Proceeds:   A) Maturity date: January 9 Proceeds: $3,329.38 B) Maturity date: January 9 Proceeds: $3,670.63 C) Maturity date: January 11 Proceeds: $3,670.63 D) Maturity date: January 11 Proceeds: $3,329.38


A) Maturity date: January 9
Proceeds: $3,329.38
B) Maturity date: January 9
Proceeds: $3,670.63
C) Maturity date: January 11
Proceeds: $3,670.63
D) Maturity date: January 11
Proceeds: $3,329.38

Correct Answer:

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