Question: 2nd 6% Assignment on Compound Interest 4) * A demand note for $1,000,000 matured for $1,024,229.7. Given it was issued on March 2 at 6%

"2nd" 6% Assignment on Compound Interest 4) * A
"2nd" 6% Assignment on Compound Interest 4) * A demand note for $1,000,000 matured for $1,024,229.7. Given it was issued on March 2 at 6% compounded monthly, find the maturity date. (Hint: 10.1- First find n, then find time in years, then convert to days AND then maturity date) & + 4 C 6 7 8 2 9 3 0 1/4 1/2 = 3/4

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