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Find the Maturity Date and Proceeds

Question 84

Multiple Choice

Find the maturity date and proceeds. Round to the nearest cent.
-Face value: $28,223 Discount rate: 11.5%
Date made: April 29
Time: 90 days
Maturity date: Find the maturity date and proceeds. Round to the nearest cent. -Face value: $28,223 Discount rate: 11.5% Date made: April 29 Time: 90 days Maturity date:   Proceeds:   A) Maturity date: July 29 Proceeds: $27,422.70 B) Maturity date: July 29 Proceeds: $27,411.59 C) Maturity date: July 28 Proceeds: $27,411.59 D) Maturity date: July 28 Proceeds: $27,422.70 Proceeds: Find the maturity date and proceeds. Round to the nearest cent. -Face value: $28,223 Discount rate: 11.5% Date made: April 29 Time: 90 days Maturity date:   Proceeds:   A) Maturity date: July 29 Proceeds: $27,422.70 B) Maturity date: July 29 Proceeds: $27,411.59 C) Maturity date: July 28 Proceeds: $27,411.59 D) Maturity date: July 28 Proceeds: $27,422.70


A) Maturity date: July 29
Proceeds: $27,422.70
B) Maturity date: July 29
Proceeds: $27,411.59
C) Maturity date: July 28
Proceeds: $27,411.59
D) Maturity date: July 28
Proceeds: $27,422.70

Correct Answer:

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