Question: A $ 3 4 , 2 2 3 simple interest note was dated August 1 4 , and earned 1 4 . 7 9 %

A $34,223 simple interest note was dated August 14, and earned 14.79% exact interest for 78 days. Find the maturity value of the note. (Give your answer to the nearest cent.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!