Proomissory Note
Compute the maturity value for a four-month, 5.25% promissory note for $620 issued May 25, 2023.
$630.97
150-day note with interest at 5% is dated June 28, 2022, and has a maturity value of $836.85. Determine the face value of the note.
$820
What is the price of a 64-day, $50 OOO Province of British Columbia treasury bill that yields 1.36% per annum?
$49881.05
On March 10, Fat Tires Ltd. borrowed $10 OOO with an interest rate of 5.5%. The loan was repaid in full on November 15, with payments of $2500 on June 30 and $4000 on September 4. What was the final payment?
$3785.67