jacks0517 jacks0517

21-05-2018
Mathematics

contestada

Calculate the maturity value for an interest-bearing note of $28,500 for 118 days at 8%

Respuesta :

CastleRook CastleRook

31-05-2018

The maturity value of the note will be given by:
A=P(1+r)^n
where:
P=principle
r=rate
n=time
P=$28500, r=85, t=118/360
hence
A=28500(1+8/100)^(118/360)
A=29228.10

Answer Link

Otras preguntas

Select all choices which could lead to a biased result. 1. Randomly calling telephone numbers to ask if people are satisfied with their service 2. Randomly c

The Articles of Confederation provided the newly declared republic with a means of governing _______________________. a. during and immediately after the revol

When a book reviewer describes the subject as fiction or non-fiction, what is he talking about? A. the book's theme B. the book's genre C. the book's era D. the

What is 710,200 written in word form

225% as a fraction equivalent

What are the resources used to produce the things that humans need and want called? a. capital resources b. human resources c. natural resources d. industri

If an outdoor runner develops a headache, feels tired, and has an elevated heart rate, what is the most probable cause? A. Insufficient calories B. Overhydratio

How do I find the unit rate? $253 for 20 hours

-5g - 6 for g= -2 A. 4 B. 16 C. 10 D. -13

Which of the following is an example of an exploitation colony? A. India B. Australia C. Great Britain D. the United States