Question: A note dated 2021-07-15, matures at 2022-06-13, with a maturity value of $1 000. What is the present value at 4% compounded daily? a. $946.71

A note dated 2021-07-15, matures at 2022-06-13, with a
maturity value of $1 000. What is the present value at 4%
compounded daily?

a.

$946.71

b.

$964.17

c.

$964.02

d.

$946.88

e.

None of the choices is correct.

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