Question: A $8190 note is signed, for 160 days, at a discount rate of 13.5%. Assume 360 days in a year. Find the proceeds. (25 points)

A $8190 note is signed, for 160 days, at a discount rate of 13.5%. Assume 360 days in a year. Find the proceeds. (25 points) 3) Find the compound amount for the deposit. Round to the nearest cent. $1800 at 7% compounded quarterly for 4 years (25 points) 4) Solve the problem. A bank gives you two options to choose from for your investments: Option A: 6% annual interest rate compounded yearly, and Option B: 5.9% annual interest rate compounded quarterly. Decide which is the better investment at the end of 2 years. Show calculations before you select which is the better investment (30 points)
please post a clear image

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!