ses / BUSI 110A - 2211 / 12 February - 18 February / Home A promissory note has a face value of $1725 and it has a date of issue of October 1 this year. The term is for 4 months. The rate of interest is 6.13%. What is the legal due date of the promissory note? Select one: O A. Feb. 4 O B. Feb. 1 O C. Feb. 2 O D. Feb. 3 O E. Feb. 5 Islamic banking is being introduced in Oman, such that no interest is given on the promissory notes. Compute the present value on the date of issue of a non- interest-bearing, worth $850 000, three-month promissory note dated September 1, 2013 (plus 3 days of grace), if money is worth 12.5% in Oman. Select one: O A. $26 510 O B. $824 311 O C. $877 363 O D. $823 490 O E. $847 272 A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The term is for 6 months. The rate of interest is 8.00%. What is the maturity value of the note? Select one: O A. $6244.60 O B. $6246.60 O C. $6248.60 O D. $6200.60 O E. $6242.60 A promissory note has a face value of $5175.00 and it has a date of issue of April 2 this year. The term is for 5 months. The rate of interest is 6.75%. What is the maturity value of the note? Select one: O A. $5334.20 O B. $5444.30 O C. $5342.30 O D. $5234.30 O E. $5324.30