Determine the maturity date, interest at maturity, and maturity value for a 120 day, 8 percent, $34,000 note from Archer Corporation dated July 7 (Round to the nearest cent ) ...

Maturity date November 4 Days remaining in July 31 7 24 Days in Aug ...

Determine the maturity date, interest at maturity, and maturity value for a 120-day, 8 percent, $34,000 note

Question:

Determine the date, interest at and value for a 120-day, 8 percent, $34,000 note from Archer dated July 7. (Round to the nearest cent.)
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...