Find the due date and the maturity value for the following. Use the table for the number of each of the days of the
year.
Date Made Face Value Term of Loan
Rate
August 10
$5000
300 days
Click here to view page 1 of the table. Click here to view page 2 of the table
CETTID
OB. July 4
C. June 4
OD. July 6
What is the maturity value? Assume that a year has 360 days for calculations.
The maturity value is $(Simplify your answer. Round to the nearest cent as needed.)
What is the correct answer?