Mathematics: On september 4, nita darmati signed a $5,350 promissory note to purchase furniture for her home office. the note had a simple interest rate of 8.5% for 120 days. what was the maturity value of the note? round to the nearest cent. assume ordinary interest.

On september 4, nita darmati signed a $5,350 promissory

Ответ:

dmorinville8

15.03.2022

The maturity value is the principal value together with interest due.
.. mv = P +Prt
.. = 5350*(1 +0.085*120/360) . . . . . . year is 360 days for "ordinary interest"
.. ≈ 5501.58

The maturity value is $5501.58.

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Ответ:

TheLuciferOG4558

08.10.2020

Mathematics

3/10 Smallest

2/5 I

1/4 I

1/3 V

5/6 Largest

Hope this helps :)

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On september 4, nita darmati signed a $5,350 promissory note to purchase furniture for her home office. the note had a simple interest rate of 8.5% for 120 days. what was the maturity value of the note? round to the nearest cent. assume ordinary interest.

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