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Author Question: Find the proceeds of a non-interest-bearing promissory note for $175 500 discounted 54 months before ... (Read 225 times)

crobinson2013

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Question 1

Find the present value and the compound discount of $7500 due in five years and six months if interest is 4.8% compounded quarterly.

Question 2

Find the proceeds of a non-interest-bearing promissory note for $175 500 discounted 54 months before maturity at 9.75% compounded semi-annually.


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Marked as best answer by crobinson2013 on Jun 6, 2019

ciecieme

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crobinson2013

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Reply 2 on: Jun 6, 2019
Excellent


alvinum

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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