v M Update on your | x | A Blackboard * *Course Hero X | A LTI Launch x | G Paul and Sandy N X Question 1 - Cha X G Assume that 3-n X | x Solvely - Take a F x - X C 2 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%252FltiaClos... 88 G What is the political... Dashboard M Inbox - hawkij16@g... E Copy of Business D... Ed Edfinancial | AccountRefund Choices - Ba... Old Fashioned Easy... All Bookmarks Chapter 11 Homework Quiz i Saved Help Save & Exit Submit Check my work Complete the following table for the simple discount notes. Use the ordinary interest method. Note: Round your answers to the nearest cent. Amount due eBook Discount rate Time Bank discount Proceeds at maturity $ 4,300 6.25% 200 days X Mc Graw Hill 6 1OF W Co 5:21 PM Mostly sunny Q Search 2/17/2025v M Update on your | x | A Blackboard * *Course Hero X | A LTI Launch x | G Paul and Sandy N X Question 2 - Cha x G Assume that 3-n X | x Solvely - Take a F x |- X C 2 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%252FltiaClos. 88 G What is the political... Dashboard M Inbox - hawkij16@g... E Copy of Business D... Ed Edfinancial | AccountRefund Choices - Ba.. Old Fashioned Easy... All Bookmarks Chapter 11 Homework Quiz i Saved Help Save & Exit Submit Check my work 2 Calculate the discount period for the bank to wait to receive its money: (Use Days in a year table): Date of note Length of note Date note discounted Discount period eBook February 16 45 days March 7 days X Mc Graw Hill 6 1OF Co 5:21 PM Mostly sunny Q Search 2/17/2025M Update on your | x | A Blackboard * *Course Hero X | A LTI Launch X v x | G Paul and Sandy N X Question 3 - Cha x G Assume that 3-n x | x Solvely - Take a F x |- C 2 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%252FltiaClos... 88 G What is the political. Dashboard M Inbox - hawkij16@g... E Copy of Business D... Ed Edfinancial | Account.. Refund Choices - Ba... Old Fashioned Easy... All Bookmarks Chapter 11 Homework Quiz i Saved Help Save & Exit Submit Check my work 3 Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 7%. Use the ordinary interest method. (Use Days in a year table.) Note: Do not round intermediate calculations. Round your final answers to the nearest cent. eBook Face value Rate of Length of Maturity Date of Date note Discount Bank discount Proceeds (principal) interest note value note discounted period $ 29,500 8% 75 days January 12 February 3 X Power & Battery . . . X Energy saver is on Mc Graw Hill 6 Co 5:21 PM Q Search 2/17/2025 Mostly sunnyv M Update on your | x | A Blackboard * *Course Hero X | A LTI Launch x | G Paul and Sandy N X Question 8 - Cha x G Assume that 3-n X | x Solvely - Take a F x |- X C 2 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%252FltiaClos... 88 G What is the political. Dashboard M Inbox - hawkij16@g... E Copy of Business D... Ed Edfinancial | Account Refund Choices - Ba... Old Fashioned Easy... All Bookmarks Chapter 11 Homework Quiz Saved Help Save & Exit Submit Check my work 8 On May 12, Scott Rinse accepted an $11,500, 15%, 90-day note for a time extension of a bill for goods bought by Ron Prentice. On June 12, Scott discounted the note at Able Bank at 14%. (Use Days in a year table.) What proceeds does Scott receive? eBook Note: Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent. Hint Proceeds received X Power & Battery . . . X Mc Energy saver is on Graw Hill 6 Q Search Co 5:21 PM Mostly sunny 2/17/2025v M Update on your | x | A Blackboard * *Course Hero X | A LTI Launch x | G Paul and Sandy N X Question 9 - Cha x G Assume that 3-n X | x Solvely - Take a F x |- X C 2 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%252FltiaClos. 88 G What is the political... Dashboard M Inbox - hawkij16@g... E Copy of Business D... Ed Edfinancial | Account Refund Choices - Ba... Old Fashioned Easy... All Bookmarks Chapter 11 Homework Quiz i Saved Help Save & Exit Submit Check my work 9 Robinson's, an electrical supply company, sold $3,400 of equipment to Jim Coates Wiring, Incorporated Coates signed a promissory note May 12 with 3.4% interest. The due date was August 10. Short of funds, Robinson's contacted Capital One Bank on July 20; the bank agreed to take over the note at a 5.1% discount. (Use Days in a year table.) eBook What proceeds will Robinson's receive? Hint Note: Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent. Proceeds received X Power & Battery . . . X Mc Energy saver is on Graw https://ezto.mheducation.com/extMedia/bne/slater_14e/table_7_1.html 6 1OF Mostly sunny Q Search Co 5:21 PM 2/17/2025v M Update on your | X | A Blackboard * *Course Hero X | A LTI Launch x |G Paul and Sandy N X Question 10 - Ch x G Assume that 3-n X | x Solvely - Take a F x |- X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%2525%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%252FltiaClos... 88 1 G What is the political. Dashboard M Inbox - hawkij16@g... E Copy of Business D... Ed Edfinancial | Account.. Refund Choices - Ba... Old Fashioned Easy... All Bookmarks Chapter 11 Homework Quiz i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 10 Assume that 3-month Treasury bills totaling $23 billion were sold in $10,000 denominations at a discount rate of 5.200%. In addition, the Treasury Department sold 6-month bills totaling $21 billion at a discount rate of 5.145%. a. What is the discount amount for a $10,000 3-month bill? Note: Do not round intermediate calculations. Round your final answer to the nearest cent. x Answer is complete but not entirely correct. X Discount amount for 3-month bills $ 1, 196.00 x b. What is the discount amount for a $10,000 6-month bill? Note: Do not round intermediate calculations. Round your final answer to the nearest cent. Discount amount for 6-month bills Power & Battery X Mc Energy saver is on Graw Hill 6 Co 5:21 PM Mostly sunny Q Search W 2/17/2025v M Update on your | X | A Blackboard * *Course Hero X | A LTI Launch x |G Paul and Sandy N X Question 10 - Ch x G Assume that 3-n X | x Solvely - Take a F x |- X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%2525%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%252FltiaClos... 88 1 G What is the political. Dashboard M Inbox - hawkij16@g... E Copy of Business D... Ed Edfinancial | Account.. Refund Choices - Ba... Old Fashioned Easy... All Bookmarks Chapter 11 Homework Quiz i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 10 c. What is the effective rate for a $10,000 3-month bill? Note: Do not round intermediate calculations. Round your final answer to the nearest hundredth percent. Effective rate for 3-month bills % X d. What is the effective rate for a $10,000 6-month bill? Note: Do not round intermediate calculations. Round your final answer to the nearest hundredth percent. Effective rate for 6-month bills % Mc Graw Hill 6 Mostly sunny Q Search W 5:22 PM 2/17/2025