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Compute the face (present) value. An fourteen month promissory note dated February 27, 2012, with interest at 10.96% has a maturity value of $732.95. (The dates must be answered in the following format: January 1, 2012) (Do not include the $ sign when entering money values.) Legal due date = Number of days = Present (face) value =

Compute the face (present) value. An fourteen month promissory note dated February 27, 2012, with interest at 10.96% has a maturity value of $732.95. (The dates must be answered in the following format: January 1, 2012) (Do not include the $ sign when entering money values.) Legal due date = Number of days = Present (face) value =

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Chapter 8 - Simple Interest Applications Compute the face (present) value. An fourteen month promissory note dated February 27, 2012, with interest at 10.96% has a maturity value of $732.95. (The dates must be answered in the following format: January 1, 2012) (Do not include the $ sign when entering money values.) Legal due date = Number of days = Present (face) value =
Transcribed Image Text:Chapter 8 - Simple Interest Applications Compute the face (present) value. An fourteen month promissory note dated February 27, 2012, with interest at 10.96% has a maturity value of $732.95. (The dates must be answered in the following format: January 1, 2012) (Do not include the $ sign when entering money values.) Legal due date = Number of days = Present (face) value =
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