menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Contemporary Business Mathematics Study Set 1
  4. Exam
    Exam 9: Compound Interest - Future Value and Present Value
  5. Question
    Find the Proceeds of a Non-Interest-Bearing Promissory Note for $175
Solved

Find the Proceeds of a Non-Interest-Bearing Promissory Note for $175

Question 44

Question 44

Essay

Find the proceeds of a non-interest-bearing promissory note for $175 500 discounted 54 months before maturity at 9.75% compounded semi-annually.

Correct Answer:

verifed

Verified

FV = 175000.00; i = 0.04875; n...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q39: Two years after Sean deposited $5000 in

Q40: A seven-year, non-interest-bearing note for $6532.00 is

Q41: Calculate the accumulated value of $3000.00 at

Q42: Zara borrowed $4000 from Duca financial at

Q43: A note dated May 1, 2011 promises

Q45: You have an investment that will mature

Q46: Determine the nominal rate of interest if

Q47: Suman deposited $95 000.00 in an RRSP

Q48: To what future value will a principal

Q49: A five-year promissory note with a face

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines