The maturity value of a promissory note due on Sept.14,2010 is $6200.What are the proceeds of the note using the practical (approximate)method on Jun.2,2007 if j₂ = 10%? A)$4454.51 B)$4498.36 C)$4502.80 D)$4760.25

Question

Quizplus · Accepted Answer

The Answer of The maturity value of a promissory note due on Sept.14,2010 is $6200.What are the proceeds of the note using the practical (approximate)method on Jun.2,2007 if j₂ = 10%? A)$4454.51 B)$4498.36 C)$4502.80 D)$4760.25

The Maturity Value of a Promissory Note Due on Sept