SOLUTION: The maturity value of a 6-month note for $1500 at 6.5% interest would be
a) $292.50
b) $48.75
c) $1548.75
d) None of these
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Question 182370This question is from textbook Business Mathematics
: The maturity value of a 6-month note for $1500 at 6.5% interest would be
a) $292.50
b) $48.75
c) $1548.75
d) None of these
This question is from textbook Business Mathematics
Answer by Mathtut(3670) (Show Source): You can put this solution on YOUR website!
1500+1500(180/360)(.065)=1500+48.75=1548.75
:
c is the answer
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