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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?

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?
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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?

User Danbruegge
by
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1 Answer

3 votes
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.
User Bobighorus
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