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 142 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
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
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

For a complete list of videos, visit our video library