Question 1193795: Please help me with the homework.
1. A promissory note dated 1 April 2021 for R1500, borrowed at a simple discount rate of 16%p.a.due on the 1 October 2021 is sold on the 1 July 2021
1.1. what is the maturity value of the note?
1.2. what is its present value on the date of sale?
Your help is highly appreciated
Answer by ikleyn(52915)   (Show Source):
You can put this solution on YOUR website! .
It is a deeply Finance problem, requiring special knowledge in Finsance (at least, covering terminology).
At this forum, we consult in Math, not in Finance.
Sometimes, we answer Finance problems, too, but only in those cases, when it is in the circle of our knowledge.
This time it is not so.
Find another site/forum for help.
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