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linked mcq - i need answers only no need to show your work Find the maturity value of a promissory note of $13,000 at 6.2%
linked mcq - i need answers only
Find the maturity value of a promissory note of $13,000 at 6.2% interest for 90 days. Use a 360-day year. 1 $201.50 $ 2 $13,201.50 3 $403.00 4 $13,403.00 Suppose the person holding the promissory note from the above problem sells the note after 50 days (40 days of discounting). Find the discount amount if the note is discounted at 10%. 1 $23.88 2 $131.96 3 $144.44 4 4 $146.68 Find the proceeds from the above problem. 1 $13,054.82 2 $13,057.06 3 $13, 123.50 4 $13,153.09 A bank makes a new loan of $10,000 face value at a discount rate of 10% for 4 months. Find the proceeds. 1 $9,900.00 2 $100.00 3 $333.33 4 $9666.67 no need to show your work
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