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.$16,464Assuming a 360-day year, when a $50,000, 90-day, 9% interest-bearing note payable matures, the total payment will beDebt 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 O
- 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%A nine months, 15% note for $9000 dated April 15 is reciebed for a customer. The maturity value of the note is what?A 60-day, 9% note for $10,000, dated May 1, is received from a customer on account. Use 30 day months and 360 day years in calculations of interest. The maturity value of the note is:
- 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. FalseCompute the maturity value for each of the following notes: Required: 1. A note payable with a face amount of $31,000, dated June 15, 20X1, due in three months, bearing interest at 4 percent. 2. A note payable with a face amount of $25,000, dated May 5, 20X1, due in 30 days, bearing interest at 6 percent. Complete this question by entering your answers in the tabs below. Required 1 Required 2 A note payable with a face amount of $31,000, dated June 15, 20X1, due in three months, bearing interest at 4 percent. (Round your "Interest rate" answer to two decimal places. i.e., 1% should be entered as 0.01.) Fraction of Principal x Interest Rate x Interest Year Maturity Value