A 9 month promissory note issued on March 21, 2021 and bearing interest of 4.7% p.a. has a maturity value of $4245.12. Find the face value of the note

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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A 9 month promissory note issued on March 21, 2021 and bearing interest of 4.7% p.a. has a maturity value of $4245.12. Find the face value of the note.

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