Question: Use the future value formula to compute the maturity value of the following promissory note. Ignore any grace period. A 10-month, 4.2% note for
Use the future value formula to compute the maturity value of the following promissory note. Ignore any grace period. A 10-month, 4.2% note for $2455.00 is issued June 1, 2009. The maturity value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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