Ask Question
19 February, 21:32

What is the maturity value of a 3-month, 14% note for $50,000? (round your answer to the nearest dollar.)

a.$57,000

b.$51,750

c.$50,000

d.$52,000?

+5
Answers (1)
  1. 20 February, 00:27
    0
    the answer is a. $57000. First you take $50,000 and multiply it by 14%. The answer to that is $7000. You then take $7000 and add to the $50000 original amount and the total comes out to be $57,000.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is the maturity value of a 3-month, 14% note for $50,000? (round your answer to the nearest dollar.) a.$57,000 b.$51,750 c.$50,000 ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers