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14 March, 03:43

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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  1. 14 March, 04:04
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    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.
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