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Calculate the Maturity Value of a 180-Day Note for $4000

Question 52

Multiple Choice

Calculate the maturity value of a 180-day note for $4000 dated August 18 if the rate of interest is 7.5%.

A) 4147.95
B) 4150.41
C) 5479.45
D) 5504.11
E) 4440.41

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