A Promissory Note Has a Face Value of $5000 and It

question 20

Multiple Choice

A promissory note has a face value of $5000 and it carries an interest rate of 5% for a period of 6 months (including the period of grace) . It is sold 3 months before the legal due date. What is the present value of the note on the date of sale if money is worth 4%?

• A) $5047.26
• B) $5070.26
• C) $5074.26
• D) $5125.00
• E) $5125.26

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Acts that involve force or threat of force, including murder, rape, robbery, and aggravated assault.

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