Use ordinary interest: Principal $70,000 Rate of Interest: 11% Time: 90 days Maturity Value: A Date note made Mar 10 Date note discounted: April 15 discount period: B proceeds: C note to be discounted at 10%
Use ordinary interest: Principal $70,000 Rate of Interest: 11% Time: 90 days Maturity Value: A Date note made Mar 10 Date note discounted: April 15 discount period: B proceeds: C note to be discounted at 10%
Homework Answers
Request Answer!
We need at least 6 more requests to produce the answer.
4 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
Use ordinary interest: Principal $70,000 Rate of Interest: 11% Time: 90 days Maturity Value: A Date note made Mar 10 Date note discounted: April 15 discount period: B proceeds: C note to be discounted at 10%
Actuarial Science Mathematics of Finance Discounted Value 6. For cach promissory note in the following table, determine the maturity date, maturity value, dis- counted period, and the proceeds. No.Da...
Actuarial Science Mathematics of Finance Discounted Value
6. For cach promissory note in the following table, determine the maturity date, maturity value, dis- counted period, and the proceeds. No.Date of Note Face ValueInterest on NoteTermDate of Discount Interest Rate for Discounting Nov.3 $3000 None Dec.1 3 months $500 Dec.24 192 days 7.00% 2 Dec.14 7.0%
6. For cach promissory note in the following table, determine the maturity date, maturity value, dis- counted period, and the proceeds. No.Date of Note Face...
After being held for 30 days, a 90-day 15% interest bearing note receivable was discounted at...
After being held for 30 days, a 90-day 15% interest bearing note receivable was discounted at M & T Bank at 18%. The proceeds received from the bank upon discounting would be the: a) Maturity value less the discount at 18%. b) Maturity value plus the discount at 18%. c) Face value less the discount at 18%. d) Face value plus the discount at 18%.
Solve for maturity value, discount period, bank discount, and proceeds.
Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 9%. Use the ordinary interest method. (Use Days in a year table.) (Do not round intermediate calculations. Round your final answers to the nearest cent.)
Compute interest and find the maturity date for the following notes. (Use 360 days for calculation.)...
Compute interest and find the maturity date for the following notes. (Use 360 days for calculation.) Date of Note Interest Rate (%) Principal Terms Interest Maturity Date a. June 10 $43,200 10% 60 days $ b. July 14 $36,000 11% 90 days $ C. April 27 $18,000 12% 75 days $ $ e Textbook and Media
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do...
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note Contract Date March 1 May 15 October 20 Principal $10,000 15,000 8,000 Interest Period of Note Rate (Term 60 days 90 days 45 days Contract Date Maturity Month - Maturity Date Interest Expenses 1. March 1 2. May 15 3. October 20
7 Homework Saved Determine the maturity date and compute interest for each note. (Use 360 days...
7 Homework Saved Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note Contract Date March 11 May 25 October 22 Interest Rate 5% Principal $24,000 24,000 18,000 Period of Note (Term) 60 days 90 days 45 days 2. Contract Date Maturity Month Maturity Date Sate Interest Expenses ces 1 March 11 2 May 25 3 October 22
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do...
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note Contract Date March 18 May 10 October 19 Interest Rate 5% 1. Period of Note (Term) 60 days 90 days 45 days Principal $27,000 32,000 20,000 2. 3. Maturity Month Maturity Date Interest Expenses Contract Date 1. March 18 2. May 10 3. October 19
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do...
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note 1. Interest Rate Contract Date Principal March 13 $21,000 May 05 27,000 October 20,000 5$ Period of Note (Term) 60 days 90 days 45 days 24 Maturity Month Maturity Date Interest Expenses Contract Date 1. March 13 2. May 05 3. October 24
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do...
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Period of Note Contract Interest Principal $25,000 (Term) 60 days 90 days 45 days Note Date Rate March 16 6% 1. May 08 October 28 2. 30,000 18,000 8 3. 4 Interest Maturity Month Maturity Date Contract Date Expenses 1. March 16 2. May 08 3 October 28
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do...
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note 1. 2. 3. Contract Date March 9 May 23 October 20 Principal $18,000 20,000 16,000 Interest Rate 5% 7 3 Period of Note (Term) 60 days 90 days 45 days Contract Date Maturity Month Maturity Dato Interest Expenses 1. March 9 2. May 23 3. October 20
Actuarial Science Mathematics of Finance Discounted Value
6. For cach promissory note in the following table, determine the maturity date, maturity value, dis- counted period, and the proceeds. No.Date of Note Face ValueInterest on NoteTermDate of Discount Interest Rate for Discounting Nov.3 $3000 None Dec.1 3 months $500 Dec.24 192 days 7.00% 2 Dec.14 7.0%
6. For cach promissory note in the following table, determine the maturity date, maturity value, dis- counted period, and the proceeds. No.Date of Note Face...
Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 9%. Use the ordinary interest method. (Use Days in a year table.) (Do not round intermediate calculations. Round your final answers to the nearest cent.)
Compute interest and find the maturity date for the following notes. (Use 360 days for calculation.) Date of Note Interest Rate (%) Principal Terms Interest Maturity Date a. June 10 $43,200 10% 60 days $ b. July 14 $36,000 11% 90 days $ C. April 27 $18,000 12% 75 days $ $ e Textbook and Media
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note Contract Date March 1 May 15 October 20 Principal $10,000 15,000 8,000 Interest Period of Note Rate (Term 60 days 90 days 45 days Contract Date Maturity Month - Maturity Date Interest Expenses 1. March 1 2. May 15 3. October 20
7 Homework Saved Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note Contract Date March 11 May 25 October 22 Interest Rate 5% Principal $24,000 24,000 18,000 Period of Note (Term) 60 days 90 days 45 days 2. Contract Date Maturity Month Maturity Date Sate Interest Expenses ces 1 March 11 2 May 25 3 October 22
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note Contract Date March 18 May 10 October 19 Interest Rate 5% 1. Period of Note (Term) 60 days 90 days 45 days Principal $27,000 32,000 20,000 2. 3. Maturity Month Maturity Date Interest Expenses Contract Date 1. March 18 2. May 10 3. October 19
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note 1. Interest Rate Contract Date Principal March 13 $21,000 May 05 27,000 October 20,000 5$ Period of Note (Term) 60 days 90 days 45 days 24 Maturity Month Maturity Date Interest Expenses Contract Date 1. March 13 2. May 05 3. October 24
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Period of Note Contract Interest Principal $25,000 (Term) 60 days 90 days 45 days Note Date Rate March 16 6% 1. May 08 October 28 2. 30,000 18,000 8 3. 4 Interest Maturity Month Maturity Date Contract Date Expenses 1. March 16 2. May 08 3 October 28
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note 1. 2. 3. Contract Date March 9 May 23 October 20 Principal $18,000 20,000 16,000 Interest Rate 5% 7 3 Period of Note (Term) 60 days 90 days 45 days Contract Date Maturity Month Maturity Dato Interest Expenses 1. March 9 2. May 23 3. October 20
Most questions answered within 3 hours.
-
Please solve with excel and mention the excel function.
Thanks
Kevin deposits $10,000 in a savings...
asked 38 seconds from now -
Which Special Journal would the following transaction be
journalized in?
Sold merchandise on account to Customer...
asked 11 minutes ago -
Assuming 100% dissociation, calculate the freezing point (?fTf)
and boiling point (?bTb) of 1.45 ? K3PO4(aq)1.45...
asked 13 minutes ago -
An inflated helium balloon with a volume of 0.35L at
sea level (1.0 atm) was allowed...
asked 15 minutes ago -
Python 3.0 Please
Write a function that takes, as arguments, a binary string, a
list of...
asked 43 minutes ago -
(a) Calculate the momentum of a 2150 kg elephant charging a
hunter at a speed of...
asked 31 minutes ago -
all the following is an example of a fixed cost except: any cost
that changes in...
asked 33 minutes ago -
Briefly describe the changes in pupil diameter that occur with
changes in light intensity or distance...
asked 33 minutes ago -
A small sample from a vial of phenol melts at 39-40 °C. A larger
sample from...
asked 35 minutes ago -
Draw a δ-lysine amino acid and label all the carbons (alpha,
beta, gamma, etc.)
asked 48 minutes ago -
A uniform thin rod of length 0.97 m and mass 2.2 kg lies in a
horizontal...
asked 40 minutes ago -
A 110 kg horizontal beam is supported at each end. A 340 kg
piano rests at...
asked 42 minutes ago