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 maturity value of note X.

A company owes $25 000 three months ago and another $5 000 due in nine months. Both debts are to be replaced with a single equivalent payments five months from now which is also the focal date. Interest is calculated at 19% p.a. compounded monthly. Determine the single equivalent payment.

the proceeds of the promissory note with a face value $F due in 4 years at 10% p.a. compounded semi-annually, discounted one year before the due date at 12% p.a. compounded quarterly is $11 814.30. find the face value of the note.

Answer rating: 100% (QA)

First part Maturity value of X 1044076 as follows Second part Given focal point is 5 months ... View the full answer