Using a 365-Day Year, the Maturity Value of a 180-Day

question 136

Multiple Choice

Using a 365-day year, the maturity value of a 180-day note for $3,000 at 9% annual interest is: (Do not round any intermediary calculations. Round your final answer to the nearest cent.)

• A)$2,866.85.
• B)$133.15.
• C)$3,133.15.
• D)$270.00.

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Definitions:

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