Find the Maturity Date and Proceeds

question 49

Multiple Choice

Find the maturity date and proceeds. Round to the nearest cent.
-Face value: $3,500 Discount rate:
Date made: July 15
Time: 180 days
Maturity date: Proceeds:

• A)Maturity date: January 9 Proceeds: $3,329.38
• B)Maturity date: January 9 Proceeds: $3,670.63
• C)Maturity date: January 11 Proceeds: $3,670.63
• D)Maturity date: January 11 Proceeds: $3,329.38

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Definitions:

Organic Product

An organic product is a chemical substance or material produced as a result of organic chemistry, primarily involving carbon-based compounds.

Synthetic Steps

The individual reactions that occur in sequence during the synthesis of a compound.

Methylpropane

An alternative name for isobutane, a branched-chain hydrocarbon with the formula C4H10, found in natural gas and used as a refrigerant and a propellant.

Hydride Shift

A rearrangement reaction where a hydrogen atom, together with its bonding electrons, moves from one carbon to another within a carbon skeleton.