On july 7, university bank lent $560,000 to jazz music shop on a 60 day, 7% note. what is the maturity value of the note? (use a 360-day year and round answers to the nearest dollar.)

The maturity value of the note is $5,66,533.

We can arrive at the answer with the steps below:

The formula we use to calculate Maturity Value is:

In this question,

Principal = $560,000

Interest = 7% per year

Time period = 60 days.

Number of days in a year = 360 days (given in the question).

Substituting the value of the time period calculated above in the Maturity Value formula we have:

Maturity Value = $560,000 × (1+(0.07×60/360))

Maturity Value = $560,000 × (1+(0.07×1/6))

Maturity Value = $560,000 × 1.011666667

Maturity Value = $566533.3333

i believe the correct answer is cost benefit analysis (cba). plz check first good

explanation:

drop shippers;