A commercial paper was deducted at a discount rate of 10% annually for (120 days), so the

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A commercial paper was deducted at a discount rate of 10% annually for (120 days), so the correct discount amounted to (50) dinars.

Required:

1- Nominal value

2- Commercial discount.

Q 2: An investment company deposited the following amounts in one Banks: Using the tiger and denominator method

Amount Interest rate Deposit date Balance date

2000 10 % 1/2/2021 4/4/2021

3000 4000 6/8/2021 25/8/2021

Required:

1- Total balance with valid interest

2- Total balance with commercial interest

Related Book For answer-question

Financial Management Principles and Applications

ISBN: 978-0133423822

12th edition

Authors: Sheridan Titman, Arthur Keown, John Martin

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Posted Date: Aug 07, 2021 10:01 PM

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A commercial paper was deducted at a discount rate of 10% annually for (120 days), so the

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Financial Management Principles and Applications

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