Find the present value of a 180-day non-interest-bearing note for $7200 issued February 20, 2016, if money

Question:

Find the present value of a 180-day non-interest-bearing note for $7200 issued February 20, 2016, if money is worth 5.64%, on June 1, 2016.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

See More Books

Question Posted: Feb 26, 2016 03:43 AM

See More Questions

Q1. For the systems shown in Figure 1, (i) Use two equivalent springs to simplify the three springs on the left and two springs on the right of the mass, separately; (ii) Draw its free body diagram;...
Find the present value of $50,000 to be received after 1 year if the annual rate of interest is a. 8 percent b. 10 percent c. 12 percent
Find the present value of a 3-year, $20,000 ordinary annuity deposited into an account that pays 12% annual interest, compounded monthly. Solve for the present value of the annuity in the following...
Assume that you have been hired as a consultant by CGT, a major producer of chemicals and plastics, including plastic grocery bags, styrofoam cups, and fertilizers, to estimate the firms weighted...
Briefly explain the stages of the employee socialization process and how they are interrelated.
Gregorie Tool & Die reports the following information for the quarter: Sales price $ 7 5 Fixed costs ( for the quarter ) Selling and administration 4 7 , 6 4 0 Production 1 4 2 , 9 2 0 Variable cost...
Provide examples of Web services and discuss the contribution of Web services to the efficiency of information systems.
A radio tower rises to height h above flat horizontal ground. At the top is a magnetic dipole antenna, of radius b, with its axis vertical. FM station KRUD broadcasts from this antenna at angular...
Recall the code below that moved each row up by one. Now, create matrix z that is equal to matrix x but with each column shifted one column to the right. x=magic(3) y=x % Move each row up by one...
A Carnot refrigerator has tetrafluoroethane as the working fluid. The cycle is the same as that shown by Fig. 8.2, except the directions are reversed. For T C = ?12?C and T H = 40?C, determine: (a)...
Find the present value of a four-month non-interest-bearing note for $2500 issued June 10, 2017, if money is worth 6.15%, on July 20, 2017.
Luigi purchases a new tablet computer during a sale that advertised, No payment until 2017. The payment contract that he signs states that he has agreed to pay $549 on February 10, 2017. If money is...
An interesting ethical case arose when an employee of a Swiss bank stole records of the accounts of international investors. The records were then offered for sale to the German government on the...
In responding to a Request for Proposal (RFP), XYZ Contractor is preparing a lump sum price proposal for digging an underground hole with specifications below. 10m x 10m x 5m - Concept Design No...
1. The yield point data necessary to experimentally construct a yield surface for the particle reinforced aluminum 6092/17.5p-W is provided below. These data were acquired using axial- torsional...
For the given plan below apply 2 kN/m2 live load and 10 cm concrete slab ($235) By considering the slenderness effects, design (select the dimension from table) the MAIN beam given below. Draw the...
I choose IKEA COMPANY Production possibility curve (PPC) Scenario1: a. If your company can make two goods, use a numerical table and list different combinations of two goods your company can make b....
Use the bordered determinants to check y = xix (x, x > 0; 0 < a < 1 and 0 < b < 1). for quasiconcavity and quasiconvexity.
In Exercises evaluate the binomial coefficient using the formula where k is a real number, n is a positive integer, and (k)= = k(k-1)(k 2)(k 3) (kn + 1) - n! .
Kims Konstructions has assembled the following data for a proposed straw-reinforced brick maker (SRBM): SRBM Cost: $26,000 Life: 5 years Revenue (p.a.) $11,000 Operating Expenses (p.a.) $3,000...
Find the least common denominator (LCD) for these fractions. 5/56, 7/24, 7/12, 5/42
Find the least common denominator (LCD) for these fractions. 2/1, 1/5, 1/10, 5/6
Find the least common denominator (LCD) for these fractions. 7/8, 1/20, 13/16
QUESTION #2 : The age of the internet as well as the ensuing rise of social networking in the form of FaceBook, Instagram, Twitter and TikTok has significantly changed the way individuals process and...
Question 5 In 50 words or more, explain how advertising is implemented through each type of media listed below. Advertising Media Types How Advertising is Implemented Through Each Type of Media i....
1. Research and outline the Lean Method and how it applies to marketing a products. Explain in one fifty words. 2. Outline your understanding of market research and what is should include: Be...

Find the present value of a 180-day non-interest-bearing note for $7200 issued February 20, 2016, if money

Question:

Step by Step Answer:

Maturity date is August 18 2016 bec...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions