Calculate the Maturity Value of a 180-Day Note for $4000

question 52

Multiple Choice

Calculate the maturity value of a 180-day note for $4000 dated August 18 if the rate of interest is 7.5%.

• A) 4147.95
• B) 4150.41
• C) 5479.45
• D) 5504.11
• E) 4440.41

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