Calculate the maturity value of a 120-day, $1000 face value note dated November 30, 2017, and earning

Question:

Calculate the maturity value of a 120-day, $1000 face value note dated November 30, 2017, and earning interest at 4.75%.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

See More Books

Question Posted: Oct 21, 2020 05:49 AM

See More Questions

The following selected transactions are from Perez Company. Enter the principal amount, interest rate, and number of days of interest to be recorded for each note. (use 360 days for a year) 2016 Dec....
Select the correct option: (1) A (n) __________ discount note is made when a bank buys a promissory note from a business. (a) third-party (b) Simple (c) Promissory (d) Corporate (2) I = PRT is the...
A 5 year promissory note labelled X, has a face value of $5000, interest of 15% p.a. compounded quarterly and discounted 2 years before the maturity date at 12% p.a. compounded monthly. Find the...
Isaiah wants to build a new shopping complex. Isaiah is afraid that once news gets out about his plans, the price of the land where he wants to build the shopping complex will increase in price....
Determine The amount of heat necessary to raise the temperature of 1 kg of aluminum from 30oC to 100oC.
The data presented in Table 6 represent the educational attainment of residents of the United States 25 years or older in 2013, based on data obtained from the U.S. Census Bureau. The data are in...
In the space surrounding Earth, the main component of the planet's magnetic field is the field due to a magnetic dipole. In what direction is Earth's magnetic dipole moment?
Kyler Media Corporation had the following income statement and balance sheet for 2012: Requirement 1. Compute for Kyler Media Corporation during 2012 the a. acquisition of equipment. The business...
Operating systems and application programs play vital role in our daily usage of computers. Differentiate between an operating system and an application program give examples each.
C & M Securities made several expenditures during the current fiscal year, including the following: Required: a. For each of the items listed above, indicate whether the cost should be debited to...
A six-month non-interest-beating note issued on September 30, 2016 for $3300 was discounted at 5.25% on December 1. What were the proceeds of the note?
Determine the legal due date for a. A four-month note dated April 30, 2017 b. A 120-day note issued April 30, 2017
In Problem 19.12, a vendor at a baseball stadium is deciding whether to sell ice cream or soft drinks at today's game. Prior to making her decision, she decides to listen to the local weather...
Founded in 1966 by Pierre Bellon in France, Sodexo (sodexo.com) is the worldwide leader in providing a range of quality of life services, including workplace design, onsite food provision, facilities...
Can a company be good at corporate social responsibility but not be sustainability oriented? Is it possible to focus on sustainability but not corporate social responsibility? Based on reading the...
Neil Frasier, a friend of your family, is a very proficient accountant. Hes 61 and has spent his entire career working at the Sears Holdings Corp. headquarters in Chicago. He just got a call from a...
Do you think facilitating payments (speed payments) should be ethical? Does it matter in which country, or part of the world, such payments are made?
Trump was right that GM had made a major bet on China. GM has been operating in China since 1997 when it established a joint venture with SAIC Motor, a Chinese state-owned automotive design and...
RHCC Manufacturing Company manufactures one product that has several model styles. All materials are added at the beginning of production. Manufacturing overhead is applied as a percentage of direct...
1. Which of the four major types of information systems do you think is the most valuable to an organization? 2. How do you critically associate the ideas of business agility and business efficiency...
An article in Runners World magazine described a study that compared the cardiovascular responses of 20 adult subjects for exercises on a treadmill, on a mini trampoline, and jogging in place on a...
What is the difference between a qualitative variable and a quantitative variable? When would each be appropriate?
Restaurants sometimes provide customer reaction cards so that customers can evaluate their dining experience at the establishment. What kinds of decisions might be made on the basis of this...
What are some of the best ways for attaining skills in active listening?
. Do you agree with the following statement: "English is a powerful tool that has become entrenched in business processes worldwide-whether for analyzing stocks or issuers, budgeting, or organizing...
As a roofer business owner describe the importance of effective communication in your current work/role?

Calculate the maturity value of a 120-day, $1000 face value note dated November 30, 2017, and earning

Question:

Step by Step Answer:

Maturity value is the amount tha...View the full answer

Fundamentals Of Business Mathematics In Canada

Students also viewed these Mathematics questions