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Determine the maturity value

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Reference no: EM133190080

SIMPLE INTEREST

1) Calculate the amount of interest that will be charged on $7000.00 borrowed for five months at 5.5%.

2) Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at 9.0%.

3) Determine the exact time between January 30, 2014 and May 20, 2014 by counting days.

4) Determine the date represented by 100 days after March 1, 2012.

5) Find the maturity value of a $473 note issued on October 4 at 8.5% for 190 days.

6) Find the maturity value of a six-month, $642 note dated November 1, 2013, earning interest at 7.5%.

7) Determine the maturity value of a 120-day note for $2260.00 dated May 9 and bearing interest at 5.66%.

8) Find the maturity date and the maturity value of a $1415.00, 5.25%, 220-day note dated February 25, 2012.

9) The maturity value of a 155-day 7.5% note dated March 14 is $1721.74. Compute the face value of the note.

10) The maturity value of a five-month promissory note issued May 31, 2013, is $2134.00. What is the present value of the note on the date of issue if money is worth 6.3%?

Reference no: EM133190080

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