2. What is the maturity value of $1500 invested at 6.75% from May 1, 2011 to...
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2. What is the maturity value of $1500 invested at 6.75% from May 1, 2011 to September 23, 2011 a. $1540.22 b. $2153.08 c. $1538.83 d. $1902.23 12. Find the present value of $5436.22 due in four years and three months at 4% compounded annually. a. $4601.56 b. $4592.55 c. $4646.90 d. $6422.27 10. Tom has invested $1600 in a 90-day savings certificate paying an annual interest rate of 43 %. Find the interest earned. a. $20.00 b. $18.00 c. $15.78 d. $17.75 13. A promissory note has a Future (mature) value of $950. Find the proceeds of this note if it is repaid 3 years before its maturity date at 8% compounded quarterly. a. $719.98 b. $771.65 c. $725.67 d. $657.22 semiannually? 11. What is the future value of $2200 invested for nine months at 4.25% compounded a) $2270.50 b) $2341.73 c) $2234.97 d) $2269 14. A loan for $10 000 is paid off with quarterly installments made at the end of each three months for five years. The interest rate is 6% compounded quarterly. The quarterly payment is: a. $1084.34 b. $432.46 c. $582.46 d. $871.85 2. What is the maturity value of $1500 invested at 6.75% from May 1, 2011 to September 23, 2011 a. $1540.22 b. $2153.08 c. $1538.83 d. $1902.23 12. Find the present value of $5436.22 due in four years and three months at 4% compounded annually. a. $4601.56 b. $4592.55 c. $4646.90 d. $6422.27 10. Tom has invested $1600 in a 90-day savings certificate paying an annual interest rate of 43 %. Find the interest earned. a. $20.00 b. $18.00 c. $15.78 d. $17.75 13. A promissory note has a Future (mature) value of $950. Find the proceeds of this note if it is repaid 3 years before its maturity date at 8% compounded quarterly. a. $719.98 b. $771.65 c. $725.67 d. $657.22 semiannually? 11. What is the future value of $2200 invested for nine months at 4.25% compounded a) $2270.50 b) $2341.73 c) $2234.97 d) $2269 14. A loan for $10 000 is paid off with quarterly installments made at the end of each three months for five years. The interest rate is 6% compounded quarterly. The quarterly payment is: a. $1084.34 b. $432.46 c. $582.46 d. $871.85
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