K On June 1, 2017, a four-month promissory note for $1850 with interest at 5% was issued. Compute the proceeds of the note on August 28, 2017, if money is worth 6.5%. Ignore any grace period The proceeds are $ (Round to the nearest cent as needed.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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On June 1, 2017, a four-month promissory note for $1850 with interest at 5% was issued. Compute the proceeds of the note on August 28, 2017, if money is worth 6.5%. Ignore any grace period.
The proceeds are $
(Round to the nearest cent as needed.)
A
Q Search
a
1
IO
C
8
$
Clear all.
Check ans
^*
110
2/8
Transcribed Image Text:K On June 1, 2017, a four-month promissory note for $1850 with interest at 5% was issued. Compute the proceeds of the note on August 28, 2017, if money is worth 6.5%. Ignore any grace period. The proceeds are $ (Round to the nearest cent as needed.) A Q Search a 1 IO C 8 $ Clear all. Check ans ^* 110 2/8
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