Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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