Question: need help with homework problems 1. discount on a 180 day note if the interest rate is 16.7% and the maturity value is $8,500. 2.)

need help with homework problems

1. discount on a 180 day note if the interest rate is 16.7% and the maturity value is $8,500.

2.) If the consumer receives proceeds of $2,475.00 on a 90 day note with a discount rate Find the of 15.5%, then what is the maturity value?

3). To the nearest day what is the time period on a 9% note if the bank discount is maturity value is $8,000 and the proceeds to the borrower are $7,840?

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 Mathematics Questions!

1. discount on a 180 day note if the interest rate is 16.7% and the maturity value is $8,500. 2.) If the consumer receives proceeds of $2,475.00 on a 90 day note with a discount rate Find the of...

Hope this is enough information. My account names may be incorrect but just need that and the T charts. Thanks so much. Ed View Insert format Data Tools Help Laste minutes 30g 121- BIGA 1001 - 11 -...

I desperately need help with these business mathematics questions! I've provided all information needed for them such as page number and questions number. Any help is wonderful. 9.1 Exercises MyLab...

I've attached the question as a word file, thanks! JWCL165_c10_444-505.qxd 8/12/09 7:24 AM Page 444 10 Liabilities Chapter STUDY OBJECTIVES After studying this chapter, you should be able to: 1...

UNIT 5 QZ, Q-20 UNIT 5 / UNIT 8 QUESTIONS KEEP ANSWERS SEPARATE BY UNITS UNIT II STUDY GUIDE Consumer Mathematics Reading Assignment See information below. Key Terms 1. Add-on interest method 2....

What factors should be considered in deciding whether the cost of capital for a foreign affiliateshould be higher, lower, or the same as the cost of capital for a comparable domestic operation?...

I have included the question as a word file. I also added text from the chapter in case it might help. c04AccrualAccountingConcepts.qxd 8/3/10 1:50 PM Page 162 chapter 4 ACCRUAL ACCOUNTING CONCEPTS...

Can someone help me with this? I need it by tomorrow chapter 2 Issues in Accounting for Corporate Debt and Equity istockphoto Learning Objectives Be able to articulate the advantages and...

2. Write the following numbers in Ancient Egyptian. a. 427 c. 59,300 b. 306,090 d. 7012 3. Convert the following Roman numerals into standard Hindu-Arabic numerals. a. CLXXIII b. XIV c. MDXCVII d....

Complete the table below: SFP = Statement of Financial Position SCI = Statement of Comprehensive Income BEFORE the adjustment balance: An adjusting journal entry was required: AFTER the adjustment...

Problem 1 Suppose that the installed cost of a commercial solar hot water heating system is $ 1 5 , 0 0 0 and theannual fuel cost saving is $ 1 , 0 0 0 . Assume ( counter factually ) that fuel cost...

2023 1040 form 1.Phillip and Claire are married and file a joint return. Phillip is self-employed as a real estate agent, and Claire is a flight attendant. Phillip and Claire have three dependent...