Compute the maturity value. A eight month, 13.18%, promissory note for $704 is issued March 17, 2012. (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 = Maturity value =

Compute the maturity value. A eight month, 13.18%, promissory note for $704 is issued March 17, 2012. (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 = Maturity value =

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Chapter 8 - Simple Interest Applications
Compute the maturity value.
A eight month, 13.18%, promissory note for $704 is issued March 17, 2012.
(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 =
Maturity value =
Check

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