The Maturity Value of a 155-Day 7

question 1

Essay

The maturity value of a 155-day 7.5% note dated March 14 is $1721.74. Compute the face value of the note.

---

Definitions:

World Court

Also known as the International Court of Justice, it is the principal judicial organ of the United Nations, settling legal disputes between states.

Foreign Policy

A government's strategy in dealing with other nations to achieve national objectives, including diplomacy, military action, and trade agreements.

Marcus Garvey

Marcus Garvey was a Jamaican political leader, publisher, journalist, entrepreneur, and orator who was a staunch proponent of the Black nationalism and Pan-Africanism movements.

African American Leader

An individual from the African American community who has played a significant role in political, social, or cultural movements.