Solved

A 7-Month, $75,400 Guaranteed Investment Certificate Pays Simple Interest of 6.85

Question 106

Multiple Choice

A 7-month, $75,400 Guaranteed Investment Certificate pays simple interest of 6.85%. Calculate the maturity value.

A) $72,912
B) $76,201
C) $76,309
D) $86,112
E) $78,413

Related Questions

Q101: An investment earning 16% simple interest has

Q102: On July 1, David borrowed $9,500 from

Q103: At the end of April, Brad had

Q104: Calculate missing value for the promissory note:<br><img

Q105: Calculate and compare the issue date prices

Q107: Alice purchased a $100,000 180-day Acme Corporation

Q108: If the average rate of return on

Q109: Jake purchased a $100,000 182-day T-bill discounted

Q110: A money market mutual fund purchased $1

Q111: On January 20, Samantha borrowed $17,000 from