A 95-day, 5.81% note for $3600 is issued October 28, 2021. If money is worth 6.27%, calculate

Question:

A 95-day, 5.81% note for $3600 is issued October 28, 2021. If money is worth 6.27%, calculate the present value on November 30, 2021.

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: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

See More Books

Question Posted: Oct 27, 2020 07:06 AM

See More Questions

A 95-day, 5.81% note for $3600 is issued October 28, 2015. If money is worth 6.27%, find the present value on November 30, 2015.
A 95-day, 5.81% note for $3600 is issued October 28, 2017. If money is worth 6.27%, find the present value on November 30, 2017.
A six-month note for $19 300, with interest at 8%, is issued on April 1, 2018. Find the present value on June 20, 2018, if money is worth 7.2%.
A chef in a restaurant that specializes in pasta dishes was experiencing difficulty in getting brands of pasta to be al dente-that is, cooked enough so as not to feel starchy or hard but still feel...
In terms of ranges shown across the year, how does the pattern of average monthly precipitation differ from the pattern of average monthly temperature in this savanna? Use data to support your answer.
Is the ratio of the voltage across a conductor to the current through the conductor called the (a) power, (b) capacitance, c) resistance
Name the various components of an I.C. engine.
After extensive research and development, Good-week Tires Inc. has recently developed a new tire, the Super Tread, and must decide whether to make the investment necessary to produce and market it....
Outback Outfitters sells recreational equipment. One of the company's products, a small camp stove, sells for $100 per unit. Variable expenses are $70 per stove, and fixed expenses associated with...
Kofi Allon, who is 32 years old and single, is employed as a technical consultant for a large electronics distributor. He lives at 678 Birch Street, LaMesa, CA 91941. Kofi's Social Security number is...
The maturity value of a seven-month promissory note issued July 31, 2021, is $3275. What is the present value of the note on the date of issue if interest is 7.75%?
A six-month note for $19 300, with interest at 8%, is issued on April 1, 2022. Calculate the present value on June 20, 2022, if money is worth 7.2%.
Solve each rational inequality in Exercises 4360 and graph the solution set on a real number line. Express each solution set in interval notation. x + 5 x + 2 < 0
We have a 1-dimensional data set with 10 records, where x is the attribute and y is the target class. Attribute x takes values with 0.1 increments, from 0.1 to 1. Target class y takes two possible...
Hyrdo Billboard Company entered into an angreement to display billboard advertising for Adele Incorporated for 1 0 months for a $ 6 4 , 0 0 0 fixe fee. The agreement also includes a potential $ 6 , 5...
Laval produces lighting fixtures. Budgeted information for its two production departments follows. The departments use machine hours (MH) and direct labor hours (DLH). Overhead cost Fabricating $...
he Hossain Corporation reported the following balance sheet data for 2 0 X 4 and 2 0 X 3 : 2 0 X 4 2 0 X 3 Cash $ 9 4 , 0 2 5 $ 3 1 , 9 5 5 Available - for - sale debt securities ( not cash...
. MTS Corporation earned revenues of $339000, incurred expenses of $206000, and paid dividends of $42000. When Income Summary is closed to Retained Earnings, the amount of the debit or credit to...
Refer to Samsung's statement of cash flows in Appendix A. What investing activities result in cash outflows for the year ended December 31, 2015? List items and amounts. Samsung's Cash flow from...
A firm offers two products for sale. The marginal cost of one product is new zero once the first unit has been produced. The marginal cost of the other product rises as output rises. What would be...
Opportunities Inc. requires a minimum rate of return of 15% on investment proposals. Two proposals are under consideration, but only one may be chosen. Alternative A offers a net return of $2500 per...
A natural resources development project requires an immediate outlay of $100 000, and $50000 at the end of each year for 4 years. Net returns are nil for the first 2 years and $60000 per year...
An investment of $100 000 yields annual net returns of $20 000 for 10 years If the residual value of the investment after 10 years is $30 000, what is the rate of return on the investment (correct to...
Lake Incorporated and the River, Incorporated reported net incomes of $205,000 and $164,000, respectively, for the most recent fiscal year. Both companies had 41,000 shares of common stock issued and...
What effect Eventually, BREXIT will make on EU? How it will benefit UK? What will be the possible outcome?
Merchant Company purchased property for a building site. The costs associated with the property were: Purchase price Real estate commissions Legal fees Expenses of clearing the land Expenses to...

A 95-day, 5.81% note for $3600 is issued October 28, 2021. If money is worth 6.27%, calculate

Question:

Step by Step Answer:

Answer Interest on Note Principal x rate x period 3600 x 581 x 95365 5444 Amount of note at ...View the full answer

Contemporary Business Mathematics With Canadian Applications

Students also viewed these Mathematics questions