kaurjaspreet3553 kaurjaspreet3553
  • 23-02-2022
  • Mathematics
contestada

Find the maturity value of a $473 note issued on October 4 at 8.5% for 190 days.

Respuesta :

lhabdulsamirahmed lhabdulsamirahmed
  • 07-03-2022

The maturity value on the bond is equal to $493.93

Data;

  • Face value = $473
  • time = 190 days
  • rate = 8.5%

Maturity Value

This is calculated as the sum of face value and interest.

[tex]M.V = F.V + I[/tex]

Let's solve for the interest on the bond

[tex]I = PRT\\I = 473 * 0.085 * 190/365\\I = 20.93[/tex]

Let's add this up and solve

[tex]M.V = 473 + 20.93\\M.V = 493.93[/tex]

The maturity value on the bond is equal to $493.93

Learn more on maturity value of a bond here;

https://brainly.com/question/2132909

Answer Link

Otras preguntas

Please please please please help me I need help please
How much would a consumer save by paying a cash price of $869 for a rettige stor instead of agreeing to own plan with 78 payments of $19
What is the volume of a cylinder with a height of 2 feet and a radius of 6 feet? use 3. 14 for pi. Enter your answer in the box.
Write as an expression The product of x and the sun of 6 Times Square of x
What is the purpose of the cell wall?
Solve the following system of equations Y= -2x – 3 4y + x =16
Need help on this I don't get it
President James Polk calls for the annexation of the Oregon Territory. What does annexation mean in this statement?
Complete the crossword puzzle belowTLE PO YAN.​
(Due soon) Find the polynomial in descending powers of y representing the area of the shaded region.The area of the shaded region is represented by the polynomi