A promissory note for $3600.00 dated May 15, 2012, requires an interest payment of $370.00 at maturity. If interest is at 9.6% compounded monthly, determine the due date of the note. (hint: find n then convert it into days and use excel sheet to add it to issue date) In the box below show these parameters: PV=....., FV=....
A promissory note for $3600.00 dated May 15, 2012, requires an interest payment of $370.00 at maturity. If interest is at 9.6% compounded monthly, determine the due date of the note. (hint: find n then convert it into days and use excel sheet to add it to issue date) In the box below show these parameters: PV=....., FV=....
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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A promissory note for $3600.00 dated May 15, 2012, requires an interest payment of $370.00 at maturity. If interest is at 9.6% compounded monthly, determine the due date of the note. (hint: find n then convert it into days and use excel sheet to add it to issue date)
In the box below show these parameters:
PV=....., FV=.....
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