A 160-day note has a Face Value of $11,000 and a rate of 9.5%. A partial payment

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A 160-day note has a Face Value of $11,000 and a rate of 9.5%. A partial payment of $2,100 is made after 30 days. A second partial payment of $3,000 is made 15 days after the first one. Find the amount due at maturity.

a. $6,205.42

b. $6,025.42

c. $6,502.42

d. $6,250.42

Related Book For answer-question

Engineering Economic Analysis

ISBN: 9780195168075

9th edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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Posted Date: Apr 03, 2022 10:35 PM

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A 160-day note has a Face Value of $11,000 and a rate of 9.5%. A partial payment

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Engineering Economic Analysis

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