On august 14, park avenue bank lent $210,000 to city coffee shop on a 75 day, 4% note. what is the maturity value of the note? (use a 365minusday year. do not round intermediate calculations, and round your final answer to the nearest dollar.)
a. $218,400
b. $211,726
c. $211,750
d. $210,000

B

Explanation:

Interest - (principal x time x rate) divided by 100

where time is  expressed in days relative to 365 days in a year and rate expressed as percentage. Principal is the sum lent out

Interest = 210,000 x 75 x 4

                    100 x 365

               = $ 1 726

add the interest to the principal to get the maturity value = 1 726 + 210,000= $211,726

answer; the correct answer to the above statement is (true);

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.