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7 Ex. 234 - 8 Compute the maturity value as indicated for each of the following notes receivable and the due date. 1. A
Posted: Tue Nov 16, 2021 8:54 am
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- 7 Ex 234 8 Compute The Maturity Value As Indicated For Each Of The Following Notes Receivable And The Due Date 1 A 1 (34.53 KiB) Viewed 96 times
7 Ex. 234 - 8 Compute the maturity value as indicated for each of the following notes receivable and the due date. 1. A $8,000, 6%, 3-month note dated April 20. 2. A $20,000, 9%, 72-day note dated March 5. 3. A $12,000, 5%, 30-day note dated September 10. 4. A $9,000, 7%, 6-month note dated November 15. 5. A $36,000, 14% 240-day note dated June 12. Answer 1. Maturity value: Date due 2. Maturity value: Date due 3. Maturity value: Date due 4. Maturity value: Date due 5. Maturity value: Date duc (Face val. x 9% * 72/360) + face val.) ((Face val. * 7% * 6/12) + face val.)