Find the interest and maturity value for a 60-day note with principal of $1,500 and interest at
Question:
Find the interest and maturity value for a 60-day note with principal of $1,500 and interest at 8 percent.
a. $120.00 interest; $1,620.00 maturity value
b. $32.88 interest; $1,532.88 maturity value
c. $3.29 interest; $1,503.29 maturity value
d. $19.74 interest; $1,519.74 maturity value
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