Multiple Choice
A promissory note has a face value of $5175.00 and it has a date of issue of April 2 this year. The term is for 5 months. The rate of interest is 6.75%. What is the maturity value of the note?
A) $5324.30
B) $5234.30
C) $5342.30
D) $5334.20
E) $5444.30
Correct Answer:
Verified
Correct Answer:
Verified
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