« previous next »

Author Question: The face value of a note is 1,250 with an interest rate of 13. The time is based on 180 days in a ... (Read 128 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
on: Jun 24, 2018
The face value of a note is 1,250 with an interest rate of 13. The time is based on 180 days in a 360-day year. The note has been discounted at 17 two months before the maturity of the note. What are the proceeds?
 A) 1,293.53
  B) 1,285.42
  C) 1,277.08
  D) 1,250.00

Question 2

Which is the same as the face value of a loan?
 A) the term of a loan
  B) the maturity value of a loan
  C) the principal of a loan
  D) the discount of a loan


todom5090

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Acceptable ranges of respiratory rate Acceptable ranges of respiratory rate
Time course and phases of a nerve cell going from resting potential to action potential Time course and phases of a nerve cell going from resting potential to action potential
Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010 Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010
Use two hands to squeeze both sides of the arm at the same time. Apply from shoulder to wrist. ... Use two hands to squeeze both sides of the arm at the same time. Apply from shoulder to wrist. ...
How to calculate credit card interest when the interest is compounded How to calculate credit card interest when the interest is compounded
Magnitude of Geologic Time Magnitude of Geologic Time
Video: Apicomplexan life cycle Animation

For a complete list of videos, visit our video library