A $12,000, 5% note is dated May 18 and is due in 90 days. Using a 360-day year, the maturity value would be: a. $12,000. b. $12,150. c. $12,175. d. $12,050.
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- Assuming a 360-day year, when a $14,700, 90-day, 12% interest-bearing note payable matures, total payment will be ______ .Round your answer to the nearest whole dollar. a.$1,764 b.$15,141 c.$441 d.$16,464What is the maturity value of a $30,000, 12%, six-month note?a. $28,200b. $33,600c. $30,000d. $31,800Assuming a 360-day year, when a $50,000, 90-day, 9% interest-bearing note payable matures, the total payment will be
- A deposit of $1300 will be after 3 years $1639. If the interest is compounded annually, what is the annual interest rate: a. 10.25% b. 8.02% c. 6% d. 8.5%Assume a 360 day year, when a 48,000, 90 day, 8% interest bearing note payable matures, the total payment will be around your answer to the nearest whole dollar.For a repayment schedule that starts at end of year (EOY) four at $Z and proceeds for years 4through 10 at $2Z, 3Z,………..…….., what is the value of Z if the principal of this loan is $10,000and the interest rate is 7% per year?
- 7.If $1000 is deposited at 12.5% p.a. for one year, what is the effective annual interest rate if interest is compounded quarterly? Select one: a. 13.10% b. 12.50% c. 13.03% d. 13.05%What is the maturityThe maturity value of a 12%, 60-day note for $5,000 is $5,600. Please explain your answer with explanation. a. True b. False
- Suppose that you deposit $750 into a bank account today. If the bank pays 8 percent APR per year, compounded quarterly, how much will be in the account at the end of 4 years.A. $812 84B. $750.00C. $1,029.59D. $927.52E. $1.020.37Calculate the simple interest and maturity value. Principal $9,000, Interest rate 2.25% and time is 18 monthsSuppose you invest $1,000.00 in an account with an annual interest rate of 6% compounded monthly (6%÷÷12 = 0.5% each month). At the end of each month, you deposit $275.00 into the account.Use this information to complete the table below. Round to the nearest cent in each step as needed. Month Prior Balance 0.5% Intereston Prior Balance Monthly Deposit Ending Balance 0 $1,000.00 1 $1,000.00 $275.00 2 $275.00 $1,561.40 3 $1,561.40 $275.00 4 $9.22 $275.00