Multiple Choice
A non-interest bearing promissory note has a $3100 maturity value and it matures in 90 days. You decide to sell the note 17 days before the legal due date. How much money do you sell it for if money is worth 5.15%?
A) $3029.58
B) $3209.58
C) $3092.58
D) $3058.92
E) $3222.58
Correct Answer:
Verified
Correct Answer:
Verified
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