11) Find the proceeds of a 5 year non-interest bearing note for $6500 discounted 2.5 years...
11) Find the proceeds of a 5 year non-interest bearing note for $6500 discounted 2.5 years before maturity if money earns 6% p.a. compounded quarterly.
Homework Answers
I = 6% / 4 = 1.5% per quarter
t = 2.5 yrs = 2.5 * 4 = 10 quarters
P = F / (1+I)^t = 6500 / (1+0.015)^10
= 6500 / (1.015)^10
= 5600.83
Add Answer to:
11) Find the proceeds of a 5 year non-interest
bearing note for $6500 discounted 2.5 years...
113/2020 Chapter 10-A 17. A non-interest bearing promissory note for $1250.00 was discounted at 4% p.a....
113/2020 Chapter 10-A 17. A non-interest bearing promissory note for $1250.00 was discounted at 4% p.a. compounded semi-annualy. If the proceeds of the note were $1131.00, how long before the due date was the note discounted? State your answer in years and months (from 0 to 11 months). The note was discounted year(s) and month(s) before the due date.
An 11-year $8000.00 promissory note, with interest at 8.4% compounded monthly, is discounted at 6.5% compounded...
An 11-year $8000.00 promissory note, with interest at 8.4% compounded monthly, is discounted at 6.5% compounded semi-annually yielding proceeds of $14 631.15. The note was discounted _____ months before the due date.
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the...
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the compounded amount interest is compounded as follows. a.) Annually b.) Semiannually c.) Quarterly d.) Monthly 17. Find the present value of each compounded amount: a.) $42000 in 7 years, 6% compounded monthly. b) $17,650 in 4 years, 4% compounded quarterly. c.) S 1347.89 in 3 years, 5.5% compounded semiannually. 18. Find the future value of each annuity. a.) S 1288 deposited at the end...
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%
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%.
HW Problems Help Save &Exit Submi Check my work Brief Exercise 13-5 Non-interest-bearing note; effective interest...
HW Problems Help Save &Exit Submi Check my work Brief Exercise 13-5 Non-interest-bearing note; effective interest rate [LO13-2] Life.com issued $13 minion of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 8% discount rate. Complete the below table to calculate the effective interest rate on the commercial paper. (Do not round Intermediate calculation. Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (i.e., 0.123 should be entered...
answer 11 5x + 7y - 25 ment of $8000 into an account paying 3% interest...
answer 11
5x + 7y - 25 ment of $8000 into an account paying 3% interest e either adult or children. The children's tickets cost amount of money taken in was $6100. How many 7) Graph the system of linear inequalities 3x + 4y - 14 s) Find the value of $1000 invested in an account (2.5, 3.1.3.2 a. Bearing 3% simple interest after 5 years b. Bearing 3% Interest compounded monthly after 5 years c. Bearing 3% interest compounded...
Company A issues a four-year, $10,000, zero-interest-bearing note to Company B. The implicit rate that equated...
Company A issues a four-year, $10,000, zero-interest-bearing
note to Company B. The implicit rate that equated the total cash to
be paid ($10,000 at maturity) to the present value of the future
cash flows ($7,350.30 cash proceeds at date of issuance) is 8%.
Please fill in all the required blanks in the following table.
(Round numbers to 2 decimal places, e.g. $588.02.)
ABC company issues the following bonds: Issue date – January 1, 2020 Maturity date – January 1, 2024...
Your client invested $10,000 in an interest bearing promissory note earning an 11% annual rate of...
Your client invested $10,000 in an interest bearing promissory note earning an 11% annual rate of interest, compounded monthly. How much will the note be worth at the end of 7 years, assuming that all interest is reinvested at the 11% rate? $20,079.20 $21,152.00 $22,281.40 $21,522.04
Determine the amount of money earned in an interest bearing account at 4% over 5 years...
Determine the amount of money earned in an interest bearing account at 4% over 5 years and compounded monthly, if the principal was $20,000
113/2020 Chapter 10-A 17. A non-interest bearing promissory note for $1250.00 was discounted at 4% p.a. compounded semi-annualy. If the proceeds of the note were $1131.00, how long before the due date was the note discounted? State your answer in years and months (from 0 to 11 months). The note was discounted year(s) and month(s) before the due date.
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the compounded amount interest is compounded as follows. a.) Annually b.) Semiannually c.) Quarterly d.) Monthly 17. Find the present value of each compounded amount: a.) $42000 in 7 years, 6% compounded monthly. b) $17,650 in 4 years, 4% compounded quarterly. c.) S 1347.89 in 3 years, 5.5% compounded semiannually. 18. Find the future value of each annuity. a.) S 1288 deposited at the end...
HW Problems Help Save &Exit Submi Check my work Brief Exercise 13-5 Non-interest-bearing note; effective interest rate [LO13-2] Life.com issued $13 minion of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 8% discount rate. Complete the below table to calculate the effective interest rate on the commercial paper. (Do not round Intermediate calculation. Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (i.e., 0.123 should be entered...
answer 11
5x + 7y - 25 ment of $8000 into an account paying 3% interest e either adult or children. The children's tickets cost amount of money taken in was $6100. How many 7) Graph the system of linear inequalities 3x + 4y - 14 s) Find the value of $1000 invested in an account (2.5, 3.1.3.2 a. Bearing 3% simple interest after 5 years b. Bearing 3% Interest compounded monthly after 5 years c. Bearing 3% interest compounded...
Company A issues a four-year, $10,000, zero-interest-bearing
note to Company B. The implicit rate that equated the total cash to
be paid ($10,000 at maturity) to the present value of the future
cash flows ($7,350.30 cash proceeds at date of issuance) is 8%.
Please fill in all the required blanks in the following table.
(Round numbers to 2 decimal places, e.g. $588.02.)
ABC company issues the following bonds: Issue date – January 1, 2020 Maturity date – January 1, 2024...
Most questions answered within 3 hours.
-
In Netherland Dwarf rabbits, dwarf size is determined by allele
N, and normal-size by allele n....
asked 1 minute from now -
During Heaton Company’s first two years of operations, it
reported absorption costing net operating income as...
asked 13 minutes ago -
Consider testing the
hypotheses:
H0: p = 0.56
H1: p > 0.56
where p is
the...
asked 16 minutes ago -
In a two-factor analysis of variance a main effect is defined as
____.
a. the unique...
asked 23 minutes ago -
A bank's loan officer rates applicants for credit. The ratings
are normally distributed with a mean...
asked 24 minutes ago -
Fill in the following information for Adipic Acid: molecular
weight, g or ml, mole, melting point,...
asked 29 minutes ago -
how
to use a for loop to iterate over the string below and print each
character...
asked 31 minutes ago -
Please type answer, Thanks.
Respond to the following in a minimum of 175
words:
Research industry...
asked 30 minutes ago -
Assume that all interest rates in the economy increase from 9
percent to 10 percent. Which...
asked 40 minutes ago -
Describe the function of a Change Control Board.
When calculating Planned Value (PV), what is the...
asked 46 minutes ago -
The customer help center in your company receives calls from
customers who need help with some...
asked 57 minutes ago -
A manufacturer wished to compare the wearing qualities of two
different types of automobile tires, A...
asked 55 minutes ago