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    Exam 7: Applications of Simple Interest
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    Calculate the Maturity Value of a $1000 Face Value, 5-Month
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Calculate the Maturity Value of a $1000 Face Value, 5-Month

Question 65

Question 65

Short Answer

Calculate the maturity value of a $1000 face value, 5-month note dated December 31, 2011, and bearing interest at 9.5%.

Correct Answer:

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