A business accepts a 9 percent, $50,000 note due in 120 days. Assuming simple interest, how much

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

Question:

A business accepts a 9 percent, $50,000 note due in 120 days. Assuming simple interest, how much (amount rounded) will the business receive when the note falls due? A. $50,000 B. $50,150 C. $51,480 D. $54,520

Related Book For answer-question

Algebra and Trigonometry

ISBN: 978-1337271172

10th edition

Authors: Ron Larson

See More Books

Posted Date: Aug 30, 2018 07:47 AM

See More Questions

Last year, Paul and Joanna Stillman bought a home with a dwelling replacement value of $230,000 and insured it (via an HO-5 policy) for $202,000. The policy reimburses for actual cash value and has a...
How much will $ 1,000 invested at 2 percent simple interest be worth in 10 years? What will it be worth if the interest rate is 3 percent?
How much interest will be due at maturity for each of the following interest-bearing notes? Principal Months to Maturity a. $10,000 b. 42,00 18,000 37,000 Annual Interest Rate 12% 14 13 C. 4 d.
Night By Elie Wiesel The Holocaust - Why did the members of Sighets Jewish community refuse to believe their horrible situation? (Moshe the Beadle and Madame Schachter portending the horrors that...
The number of bac1eria in a yeast culture grows at a rate proportional to the number present. If the population of a colony of yeast bacteria doubles in one hour, and if 5 million are present...
Refer to the Landscape Ecology Journal (Jan. 2013) study of mowing effects on vegetation in highway rights-of-way, Exercise 14.35. Recall that a 3 3 factorial design was employed to estimate the...
The Richmond Company, a client of your firm, has come to you with the following problem: It has three clerical employees who must perform the following functions: 1. Maintain general ledger. 2....
MURDER TO GO! writes and manufactures murder mystery parlor games that it sells to retail stores. The following is per-unit information relating to the manufacture and sale of this product: Unit...
Make and prepare adjusting entries for Martin Ltd as at 30 June for the following situations: (a) The Supplies account shows a balance of $1000, but a physical count shows only $400 if supplies. (b)...
Based on the two tables and the attributes below, write SQL commands for each question to retrieve the data from the database. tblSales InvoiceNumber InvoiceDate CustomerNumber Sales OrderNumber...
A prosperous school district was subject to a court-ordered desegregation plan involving busing. After receiving the court order recognizing that the district had achieved unitary status, the...
The Objective is to develop a strategic leadership development plan. Throughout this course, we have examined in depth the process of strategic leadership and the various elements that make...
Analyse the Tune Group Case Study using The Transcendent Model of Strategic Leadership and Lynch's 5-steps of Strategic Leadership Explain, analyse, and critique the role of strategic leadership...
Given below are descriptions of two lines. Line 1: Goes through (14, 35) and ( 7, 7) Line 2: Goes through (4, 3) and (-6, 8) The slope of Line 1 is m = The slope of Line 2 is m =
Lee went to a department store and pur- chased 6 pairs of pants, 8 shirts, and 2 jackets. Chan purchased 2 pairs of pants, 5 shirts, and 3 jackets. If pants are $25 each, shirts are $18 each, and...
Make records of inventory purchases, and carry out the movement of Kardex by product. Additionally , developed entries for the cost of sales of the previous sectionare requested ."3. INVENTORY...
Evaluating Exponential Functions. Evaluate each function at the indicated value. g ( x ) = e ^ x . g ( 2 ) . what does e represent?
At the beginning of its fiscal year, Lakeside Inc. leased office space to LTT Corporation under a seven-year operating lease agreement. The contract calls for quarterly rent payments of $25,000 each....
(a) Explain why interrupts are not appropriate for implementing synchronization primitives in multiprocessor systems (10 marks) (b) Race conditions are possible in many computer systems. Consider a...
In Exercises 1-4, determine whether the statement is true or false. Justify your answer. 1. sin(u v) = sin u cos v cos u sin v 2. cos(u v) = cos u cos v sin u sin v 3. When and are...
Fill in the blanks 1. sin 2u = ______ 2. cos 2u = ______ 3. sin u cos v = ______ 4. 1 --- cos 2u / 1 + cos 2u = __________ 5. sin u / 2 =____________ 6. cos u cos v = ______
(a) The sales tax on a purchased item is a function of the selling price. (b) Your score on the next algebra exam is a function of the number of hours you study the night before the exam. Determine...
A binary liquid mixture consists of $60 \mathrm{~mol}$ per cent ethylene and $40 \mathrm{~mol}$ per cent propylene. At $423 \mathrm{~K}$, the vapour pressure of ethylene and propylene are...
Deduce the Gibbs-Duhem-Margules equation for a binary solution starting from Raoult's law.
The vapour pressure of acetone, acetonitrile and nitromethane can be represented by Antoine equations as \[ \begin{aligned} & \ln P_{1}^{\text {Sat }}=14.3916-\frac{2795.82}{T+230.0} \\ & \ln...

A business accepts a 9 percent, $50,000 note due in 120 days. Assuming simple interest, how much

Question:

Expert Answer:

Algebra and Trigonometry

Students also viewed these accounting questions