A promissory note has a face value of $5175.00 and it has a date of...
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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? Question 1Select one: A. $5334.20 B. $5234.30 C. $5342.30 D. $5324.30 E. $5444.30
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?
Question 1Select one: A.
$5334.20
B.
$5234.30
C.
$5342.30
D.
$5324.30
E.
$5444.30
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