Find the maturity date and proceeds. Round to the nearest cent.
-Face value: $3,500 Discount rate:
Date made: July 15
Time: 180 days
Maturity date: Proceeds:
A)Maturity date: January 9 Proceeds: $3,329.38
B)Maturity date: January 9 Proceeds: $3,670.63
C)Maturity date: January 11 Proceeds: $3,670.63
D)Maturity date: January 11 Proceeds: $3,329.38

Question

Find the maturity date and proceeds. Round to the nearest cent.
-Face value: $3,500 Discount rate: 
Date made: July 15
Time: 180 days
Maturity date:  Proceeds: 
A)Maturity date: January 9 Proceeds: $3,329.38 
B)Maturity date: January 9 Proceeds: $3,670.63 
C)Maturity date: January 11 Proceeds: $3,670.63 
D)Maturity date: January 11 Proceeds: $3,329.38

Quizplus · Accepted Answer

The Answer of Find the maturity date and proceeds. Round to the nearest cent.
-Face value: $3,500 Discount rate: 
Date made: July 15
Time: 180 days
Maturity date:  Proceeds: 
A)Maturity date: January 9 Proceeds: $3,329.38 
B)Maturity date: January 9 Proceeds: $3,670.63 
C)Maturity date: January 11 Proceeds: $3,670.63 
D)Maturity date: January 11 Proceeds: $3,329.38

Find the Maturity Date and Proceeds