Question: A discount note is signed with a value of $ 11900 at 9% discount. If the discount is $ 681.40, find the type of the

A discount note is signed with a value of $ 11900 at 9% discount. If the discount is $ 681.40, find the type of the note in days.

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!

Q:

The assembly shown is used to control the tension T in a tape that passes around a frictionless spool at E. Collar C is welded to rods ABC and CDE. It can rotate about shaft FG but its motion along...

Q:

A discount note is signed with a value of $ 12,900 for 200 days. If the discount is $ 360.49, find the bank discount rate.

Q:

3 les Clipboard Answer all questions. 10ES -dobe acrobat solce 1. Cheng Ho needs $530,500 in 5 years. Find the required quarterly payment into a sinking fund if funds are invested in an account...

Q:

Find the proceeds and maturity date of the note with the given terms. Use a banker's year of 360 days. Face Value $5700 Discount Rate 8.1% Date Made Time (Days) 90 Maturity Date Proceeds or Loan...

Q:

A discount note is signed with a maturity value of $ 4,400 at 9% discount for 160 days. Find the bank discount. B = Find present value (proceeds). P =

Q:

1. An invoice dated December 23 is received with a shipment of basketball equipment from Taiwan on May 18 of the following year. The list price of the equipment is $3582, with allowed series...

Q:

PLS HELP 1. An invoice dated December 23 is received with a shipment of basketball equipment from Taiwan on May 18 of the following year. The list price of the equipment is $3582, with allowed series...

Q:

URGENT !!!!!! PLEASE ANSWER ASAP !!!!!!!!! ANSWERS MUST BE TYPED !!!!!! THANK YOUUUU !!!!!!!! 1. An invoice dated December 5 is received with a shipment of soccer equipment from China on April 13 of...

Q:

QM QUESTION 1 SECTION A. PLS HELP ME TO ANSWER ALL THIS QUESTIONS FROM QUESTION (1a,b,c,d,e,f,g) An invoice dated December 23 is received with a shipment of basketball equipment from Taiwan on May 18...

Q:

Course: Quantitative Methods Code: BADB1014 Answer all questions. There are SEVEN (7) questions in this section. Answer all questions. 1. An invoice dated December 23 is received with a shipment of...

Q:

SECTION A There are SEVEN (7) questions in this section. Answer all questions. (15 Marks) 1. An invoice dated December 23 is received with a shipment of basketball equipment from Taiwan on May 18 of...

Q:

Determine the value of a $1300 non- interest-bearing note four months before its maturity date of July 13, 2015, if money is worth 7%.

Q:

Conduct some research on internal and external elements related to sustainability and this policy, and Identify and list at least 3 the sources of your research. (30 words)

Q:

4 WACC and NPV Lebleu, Inc., is considering a project that will result in initial after - tax cash savings of $ 2 . 9 million at the end of the first year, and these savings will grow at a rate of 2...

Q:

On 1 March 2007 DB Limited issued R560 000 15% debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required: Journalise the above...