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Find the Maturity Date and Proceeds

Question 106

Multiple Choice

Find the maturity date and proceeds. Round to the nearest cent.
-Face value: $8,207 Discount rate: 12%
Date made: June 28
Time: 90 days
Maturity date: Find the maturity date and proceeds. Round to the nearest cent. -Face value: $8,207 Discount rate: 12% Date made: June 28 Time: 90 days Maturity date: Proceeds: A) Maturity date: September 28 Proceeds: $5,778.63 B) Maturity date: September 28 Proceeds: $7,960.79 C) Maturity date: September 26 Proceeds: $5,778.63 D) Maturity date: September 26 Proceeds: $7,960.79 Proceeds: Find the maturity date and proceeds. Round to the nearest cent. -Face value: $8,207 Discount rate: 12% Date made: June 28 Time: 90 days Maturity date: Proceeds: A) Maturity date: September 28 Proceeds: $5,778.63 B) Maturity date: September 28 Proceeds: $7,960.79 C) Maturity date: September 26 Proceeds: $5,778.63 D) Maturity date: September 26 Proceeds: $7,960.79


A) Maturity date: September 28
Proceeds: $5,778.63
B) Maturity date: September 28
Proceeds: $7,960.79
C) Maturity date: September 26
Proceeds: $5,778.63
D) Maturity date: September 26
Proceeds: $7,960.79

Correct Answer:

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