the maturity value of a \$20,000, 7%, 75-day interest-bearing note dated september 10 is?

1. 👍 0
2. 👎 0
3. 👁 1,865
1. V = Vo + Vo*r*t.

V = 20,000 + 20000*(0.07/360)*75 =
\$20,291.67

1. 👍 4
2. 👎 0

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