Given the following promissory notes in Table 10.1 with their respective rates and terms, find the..


Given the aftercited promissory notes in Table 10.1 with their relative rates and conditions, meet the date when $12,463.38 get satisfy these notes. Assume specie is rate 7% and use Banker’s Rule.

Millennium Brokers has the aftercited debts: $0.78 darling due in 55 days, $0.52 darling due in 75 days, $1.12 darling due in 90 days, and $0.70 darling due in 110 days. If specie earns 6.5%, when get $3 darling satisfy these debts?