Compute the maturity value on each of the following notes. Fill in the missing entries for time or maturity date. (Use a 360-day year.)

Maturity Value

The total amount payable to the holder of a financial instrument at its maturity date, including principal and any accrued interest.

360-Day Year

An accounting convention that simplifies interest calculation by assuming all months have 30 days.

Compute the concluding value of notes by adopting different day count procedures, notably the 360-day and 365-day year.

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Learning Objectives

Compute the concluding value of notes by adopting different day count procedures, notably the 360-day and 365-day year.