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Unformatted text preview: the end of the term? $33,352.55 6. Christopher loaned his friend Evan $750 on March 17, 2006. Evan signed a note, agreeing to pay the loan back (with interest) on December 31, 2006. Find the term of the note. 289 days Page 1 of 2 FINANCIAL MATHEMATICS SIMPLE INTEREST PRACTICE EXERCISES 7. Serena signed a promissory note on April 1, 2004. The maturity date was June 19, 2004. How many days did she have from when she borrowed the money until she had to repay the loan? 79 days 8. A certificate of deposit dated June 5, 2009, matures on September 15, 2009. The face value is $10,000 and the simple interest rate is 8%. Find the maturity value of the certificate. $10,223.56 Page 2 of 2...
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- Spring '11