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, 000, 90 - day, 12% interest - bearing note payable matures, the total payment will be a. $14, 420 b. $420 c. $1,680 d. $15, 680What 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
- Debt payments of $800.00 due now and $1400.00 due in five months are to be repaid by a payment of $1000.00 in three months and a final payment in eight months. Calculate the size of the final payment if interest is 6%. Select one: a. $1228 b. $1100 c. $2238 d. $1450 O OAssuming a 360-day year, when a $11,200, 90-day, 5% interest-bearing note payable matures, the total payment will be Oa. $560 Ob. $140 Oc. $11,760 Od. $11,340 0 0 0 0Assuming a 360-day year, when a $12,919, 90-day, 6% interest-bearing note payable matures, total payment will amount to:
- Assuming a 360-day year, when a $11,392, 90-day, 10% interest-bearing note payable matures, total payment will be a. $11,677 Ob. $12,531 Oc. $1,139 Od. $285 That's Built PlueAA 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%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?
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