menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Business Mathematics
  4. Exam
    Exam 7: Applications of Simple Interest
  5. Question
    Calculate the Maturity Value of a 120-Day, $1,000 Face Value
Solved

Calculate the Maturity Value of a 120-Day, $1,000 Face Value

Question 67

Question 67

Short Answer

Calculate the maturity value of a 120-day, $1,000 face value note dated November 30, 2014, and earning interest at 4.75%.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q33: If you purchase an investment privately, how

Q62: On January 20, Samantha borrowed $17,000 from

Q63: Seth had accumulated Canada Student Loans totalling

Q65: Mr. Michaluk has a $50,000 personal (revolving)

Q66: A contract requires payments of $1,500, $2,000,

Q68: Ms. Wadeson obtained a $15,000 demand loan

Q69: A $100,000, 91-day Province of Ontario Treasury

Q71: The purchaser of a 168 day T-bill

Q72: Determine the issue price of a 91-day,

Q108: If the average rate of return on

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines