Answered: Calculate the maturity value of a…

Calculate the maturity value of a 300-day, $6,000 simple interest term deposit earning 5.15%. O a. $7,021.99 O b. $6,309.00 O c. $6,111.78 O d. $6,253.97 e. $5,756.34

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Calculate the maturity value of a 300-day, $6,000 simple interest term deposit earning 5.15%.
O a. $7,021.99
O b. $6,309.00
O c. $6,111.78
O d. $6,253.97
e. $5,756.34

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