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Author Question: Alflah Islamic bank issued $9300.00 promissory note issued without interest for nine years on ... (Read 238 times)

Arii_bell

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on: Jun 6, 2019

Question 1

A ten-year promissory note dated April 1, 2011, with a face value of $700.00 bearing interest at 7% compounded semi-annually, discounted six years later when money was worth 8.5% compounded monthly. What are the proceeds?
◦ $498.84
◦ $250.70
◦ $992.58
◦ $1392.85
◦ $998.38

Question 2

Alflah Islamic bank issued $9300.00 promissory note issued without interest for nine years on September 30, 2001, is discounted on July 31, 2006, at 5.5% compounded quarterly. Find the compound discount.
◦ $12 110.06
◦ $9300.00
◦ $15 205.27
◦ $1893.12
◦ $7406.88
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by Arii_bell on Jun 6, 2019

mbcrismon

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Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Arii_bell

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Reply 2 on: Jun 6, 2019
YES! Correct, THANKS for helping me on my review

komodo7

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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