The face value of ten month, 7.7% note dated February ,28 , 2006 is $804.96. Determine each

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The face value of ten month, 7.7% note dated February ,28 , 2006 is $804.96. Determine each of the items listed below. Ignore any grace period.

(a) the legal due date

(b) the interest period (in days)

(d) the maturity value

Posted Date: Oct 15, 2021 03:52 AM

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The face value of ten month, 7.7% note dated February ,28 , 2006 is $804.96. Determine each

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Expert Answer:

The legal due olate is 10 month from 28 Feb 2006 ie 31 December 2006 ... View the full answer

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