ch09test01a

# ch09test01a - \$10,433.33 Date of Note Maturity Date Days...

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BUSINESS MATH USING EXCEL Name ______________________________ Date ______________________________ Chapter 09 - Test 01 A. Calculate simple, ordinary, and exact interest. Simple Ordinary Exact Principal \$8,300 \$8,300 \$8,300 Loan Date 5/1/2003 5/1/2003 5/1/2003 Rate 11.5% 11.5% 11.5% Time 12 90 60 months days days Interest \$954.50 \$238.63 \$156.90 Maturity Value \$9,254.50 \$8,538.63 \$8,456.90 Due Date 5/1/2004 7/30/2003 6/30/2003 Face Value \$10,000 Rate 13% Time in Days 120 Maturity Value
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Unformatted text preview: \$10,433.33 Date of Note 1/1/2003 Maturity Date 5/1/2003 Days Before Discount 90 Discount Date 4/1/2003 Discount Rate 15% Days Remaining 30 Bank Discount \$130.42 Bank Proceeds \$10,302.92 B. Calculate maturity value and date, discount date, days remaining, and bank discount and proceeds. A B C D 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31...
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