A 15-year promissory note for $16 500 bearing interest at 12% compounded semi- annually is discounted at
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
Maturity value 16 50000106 30 16 500005743491 94 76...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Question Posted:
Students also viewed these Finance questions
-
A $40 000, 15-year promissory note dated June 1, 2010, bearing interest at 12% compounded semi-annually is discounted on September 1, 2018, at 11% compounded quarterly. What are the proceeds of the...
-
A four-year, non-interest-bearing promissory note for $3750 is discounted 32 months after the date of issue at 5.5% compounded semi-annually. Find the proceeds of the note.
-
A 10-year note for $1200, bearing interest at 6% compounded monthly, is discounted at 8% compounded quarterly 3 years, 10 months after the date of issue. Find the proceeds of the note.
-
An employee earns $22 per hour and 11/2 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 50 hours during the week, and that the gross pay prior to the...
-
A sociologist is studying the relationship between consumption expenditures y of families in the United States, family income x, and whether or not the family lives in an urban or rural community....
-
A summary of changes in the stockholders' equity of Sun Corporation from January 1, 2016, to December 31, 2017, appears as follows (in thousands): Pam Corporation purchases 40,000 shares of Sun's...
-
During your audit of the financial statements of The Gary Manufacturing Company for the year ended December 31, 1999, you find that at January 1, 1999, the company had installed the following...
-
On January 1, Year 5, Pic Company acquired 7,500 ordinary shares of Sic Company for $600,000. On January 1, Year 6, Pic Company acquired an additional 2,000 ordinary shares of Sic Company for...
-
Write the Recitals portion of the contract.Be sure to designate five (5) clauses that they deem essential for inclusion in the contract. After designating the five essential clauses, discuss the...
-
Josie Galls firm has developed the following supply, demand, cost, and inventory data. Allocate production capacity to meet demand at a minimum cost using the transportation method. What is the cost?...
-
A seven-year, $10 000 promissory note bearing interest at 8% compounded quarterly is discounted four years after the date of issue at 7% compounded semi-annually. What are the proceeds of the note?
-
The Ram Company borrowed $20 000 at 10% compounded semi-annually and made payments toward the loan of $8000 after two years and $10 000 after three-and-a-half years. How much is required to pay off...
-
What is the effect on the accounting equation of purchasing direct and indirect materials?
-
Problem 2 (10 points) For this question, suppose that Winnie the Pooh and Eeyore have the same value function: v(x) = for gains and v(x) = 2x for losses. The two are also facing the same choice, 2...
-
Two countries with which the US conducts a large amount of trade are China and Mexico. The table below provides real GDP and the distance between countries in miles as well as the actual imports by...
-
Re-derive the equations of motion for the spring-cart-pendulum problem and then simulate the motion given all constants are equal to one unit, g = 9.81 m/s, and (x,x,0,0) (1,0,0.1, 0) units over 25...
-
Review the Monthly Principal & Interest Factor chart to answer the question: FICO Score 770-789 750-769 730-749 710-729 690-709 APR 30-Year Term 20-Year Term 15-Year Term $5.68 $6.88 $8.17 $6.00...
-
The torque (or moment) caused by a force F = (256 +325) N acting at position r = (-1.552 - 1.55 ) m relative to the axis of rotation (pivot) is 7 = F x F. Find the torque caused by F acting at...
-
Provide examples of how you might upcycle in your daily life.
-
The overall reaction and equilibrium constant value for a hydrogenoxygen fuel cell at 298 K is 2H 2 (g) + O 2 (g) 2H 2 O(l) K = 1.28 10 83 a. Calculate E cell and G 8 at 298 K for the fuel cell...
-
Find the duration of a loan of $3,000 if the loan required interest of $213.75 and was at a rate of 4% annual simple interest.
-
Find the rate of simple interest on a $1,200 loan that requires the borrower to repay a total of $ 1,302 after one year.
-
Jerry Brooks purchases office supplies totaling $1,890. He can take advantage of cash terms of 2/10, n/30 if he obtains a short-term loan. If he can borrow the money at 10^% annual simple ordinary...
-
Write the equation of a quadratic function in standard form for the parabola that passes through the given points. (-1,5),(4,0),(5,-7),(1,9),(3,5),(0,8).
-
At the movle theatre, child admission is $6.30 and adult admission is $9.60. On Tuesday, 140 tickets were sold for a total sales of $1089.90. How many adult tickets were sold that day? Number of...
-
Two buses leave a station at the same time and travel in opposite directions. One bus travels 11(mi)/(h) slower than the other. If the two buses are 1057 miles apart after 7 hours, what is the rate...
Study smarter with the SolutionInn App