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    Contemporary Business Mathematics Study Set 1
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    Exam 8: Simple Interest Applications
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    Find the Present Value on June 1, 2014 of a Non-Interest-Bearing
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Find the Present Value on June 1, 2014 of a Non-Interest-Bearing

Question 35

Question 35

Essay

Find the present value on June 1, 2014 of a non-interest-bearing note for $950 issued February 2, 2014, for 210 days if money is worth 8.31%.

Correct Answer:

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Due date is 213 days after Feb...

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