Posted by brad on Saturday, June 22, 2013 at 10:19am.
Varsity Press, a publisher of college textbooks, received a $70,000 promissory note at 12% ordinary interest for 60 days from one of its customers, Readerâ€™s Choice Bookstores. After 20 days, Varsity Press discounted the note at the Grove Isle Bank at a discount rate of 14.5%. The note was made on March 21. What was the maturity date of the note?

math  Tina, Sunday, July 7, 2013 at 11:37pm
14. Varsity Press, a publisher of college textbooks, received a $70,000 promissory note at 12% ordinary interest for 60 days from one of its customers, Readerâ€™s Choice Bookstores. After 20 days, Varsity Press discounted the note at the Grove Isle Bank at a discount rate of 14.5%. The note was made on March 21. What was the maturity date of the note? (Points : 2)
15. Using the scenario from the previous question, calculate the maturity value of the note. (Points : 2)
16. What was the discount date of the note from the previous question? (Points : 2)

math  jessica, Tuesday, September 9, 2014 at 4:59am
may 20th
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