jacks0517 jacks0517

21-05-2018
Mathematics

contestada

Calculate the maturity value for an interest-bearing note of $28,500 for 118 days at 8%

Respuesta :

CastleRook CastleRook

31-05-2018

The maturity value of the note will be given by:
A=P(1+r)^n
where:
P=principle
r=rate
n=time
P=$28500, r=85, t=118/360
hence
A=28500(1+8/100)^(118/360)
A=29228.10

Answer Link

Otras preguntas

The best way to gain weight is to increase your _______ intake. A. protein B. mineral C. fat D. carbohydrate

What does "Ma mère et ma tante sont ses filles et ce n'est pas mon grand-père," mean?

What were the cause of the american boom in the 1950s? how did prosperity affect the nation socially, politically, and economically? Provide evidence

Which of the following best states the main idea of "The News"?

In 5-10 sentences, describe the purposes, design considerations, and common elements of most brochures.

True or False. A conference of nations was brought together in 1944 to create institutions that would ensure there would be no more world wars.

What's the answer to 16-12+12x17

Characteristics of expository prose include _____. a. sentences and paragraphs b. stanzas and lines c. technical terms d. plot and characters

In literature authors often use flashback to A. answer questions about plot details or reveal information about a character through a sequence of events that ha

Which organelle(s) is(are) involved in protein synthesis in the cell? A. nucleus B. ribosome C. cell membrane D. both a. and b.