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    Mathematics of Finance
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    Exam 1: Simple Interest and Simple Discount
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    If the Maturity Value Is $15,012
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If the Maturity Value Is $15,012

Question 112

Question 112

Multiple Choice

If the maturity value is $15,012.47,what is the face value of the note? (to nearest dollar)


A) $14,264
B) $14,258
C) $14,250
D) $14,209

Correct Answer:

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