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A note is due in 7 years, with interest of 10% compounded semiannually. The face value of the note is $39,000. Find the maturity value
A note is due in 7 years, with interest of 10% compounded semiannually. The face value of the note is $39,000. Find the maturity value of the note and find the minimum sale price of the note if money can be deposited at 4% compounded quarterly.
Group of answer choices
$148,102.44, $58,440.78
$55,105.98, $41,706.17
$77,217.27, $58,441.16
$77,217.33, $44,351.63
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