What is the completed table for simple interest notes

Business & Finance
Tutor: None Selected Time limit: 1 Day

What is the face value and maturity value for simple interest notes: rate 9.25%  time180 days   interest $670.63

Dec 5th, 2015

Thank you for the opportunity to help you with your question!

interest = 670.63 = M*d*T = M*9.25%*180/360 

M = 2*670.63/0.0925 = 14500

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Dec 5th, 2015

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