Computers, Inc. accepted a 2-year note for 12,540 in lieu of immediate payment for computer equipment sold to a local firm. find (a) the maturity value given a 10% rate compounded annually and (b) the present value of the note at 6% per year compounded semiannually.

Teatro restoration, inc., begins renovating an old theater for urban edge productions, but after three months teatro demands an extra $250,000. urban edge agrees to pay. refer to fact pattern 13–4. if teatro says it is asking for the extra $250,000 because it has encountered extraordinary unforeseen difficulties that will add considerable cost to the project, the agreement is