Essay
A note for $800 dated June 4, 2010, with interest at 8.25% p.a., is issued for 10 days. Determine
a) the legal due date;
b) the interest period (in days);
c) the amount of interest;
d) the maturity value.
Correct Answer:
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a) June 17, 2010
b) Number of ...View Answer
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Correct Answer:
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b) Number of ...
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