--Discount term is "4/10" which means that 4% discount will be
given if payment is received within 10 days.
--Payment is made on 17th July which is under 10 days (18th July).
Amount of discount = $ 430 x 4% = $ 17.20
Amount of invoice | Terms | Invoice date | Actual partial payment made | Date of partial payment | Amount of payment to be credited | Balance outstanding |
$630.00 | 4/10, n/60 | 08-Jul | $430.00 | 17-Jul | $412.80 [$430 - 17.20] | $200.00 |
Complete the following: (Do not round intermediate calculations. Round your final answers to the nearest cent)...
Complete the following: (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount of invoice Terms Invoice date Actual partial payment made Date of partial payment Amount of payment to be credited 5 412.80 Balance outstanding 630 4/10, 1/60 7/ 8 5 4 307 /17 $ 200.00
Complete the following: (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount of invoice Terms Invoice date Actual partial payment made Date of partial payment Amount of payment to be credited Balance outstanding 745 3/10, n/60 8/5 5458/8
Complete the following: (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount of invoice Terms Invoice date Actual partial payment made Date of partial payment Amount of payment to be credited Balance outstanding 650 2/10, n/60 7/10 450 7/19
Complete the following table: (Use Table 15.1) (Do not round intermediate calculations. Round your answers to the nearest cent.) First Payment Broken Down Into— Selling price Down payment Amount mortgage Rate Years Monthly payment Interest Principal Balance at end of month $136,000 $30,000 $106,000 6.5% 30 $ $ $ $
Calculate the value of the annuity due without a table. (Do not round intermediate calculations. Round your answer to the nearest cent.)Amount Payable: $2,300Payment Payable: AnnuallyYears: 3Interest Rate: 6% Value of Annuity Due: ???
Round to nearest cent or hundredth percent as needed: (Do not round intermediate calculations. Round your answer to the nearest cent.) Principal ? Rate 11% Time 2 months Simple Interest $1,250
Complete the following using the future value formula or financial calculator. (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount interest Time 7 years Principal $ 2,400 Rate Compounded 12 % Quarterly
Complete the following using the future value formula or financial calculator. (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount Interest Time 12 years Principal $ 16,700 Rate Compounded 1.5% Annually
Complete the following using the future value formula or financial calculator (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount Interest Time 5 years Principal $ 4,000 Rate Compounded 12 % Quarterly
Complete the following using the future value formula or financial calculator (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount Interest Time 5 years Principal $ 4,000 Rate Compounded 12 % Quarterly