Multiple Choice
Derik bought a promissory note this morning. Find the maturity value of the promissory note for $1200.00 dated March 31, 2016, and due on August 31, 2026, if interest is 3.64% compounded quarterly.
A) $1741.51
B) $1318.75
C) $1750.28
D) $5323.00
E) $1724.05
Correct Answer:
Verified
Correct Answer:
Verified
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