This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A promissory note has a face value of $4500 and it carries an interest rate of 8.73% for a period of ... (Read 51 times)

joe

  • Hero Member
  • *****
  • Posts: 627
on: Jun 6, 2019

Question 1

Calculate the maturity value of a 180-day note for $4000 dated August 18 if the rate of interest is 7.5%.
◦ 4150.41
◦ 5504.11
◦ 4440.41
◦ 4147.95
◦ 5479.45

Question 2

A promissory note has a face value of $4500 and it carries an interest rate of 8.73% for a period of 4 months (including the period of grace). It is sold 3 months before the legal due date.What is the present value of the note on the date of sale if money is worth 8.2%?
◦ $4592.37
◦ $4357.92
◦ $4537.92
◦ $4777.92
◦ $4573.92
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by joe on Jun 6, 2019

Bigfoot1984

  • Sr. Member
  • ****
  • Posts: 321
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.
Answer Preview
Only 25% of students answer this correctly


joe

  • Member
  • Posts: 627
Reply 2 on: Jun 6, 2019
Gracias!

juliaf

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Portrait of a Shy Albatross. Note the large, hooked beak and nasal tubes. Portrait of a Shy Albatross. Note the large, hooked beak and nasal tubes.
Two ginkgo biloba labels, note the lack of standardization in (a) 60 mg of extract, 24% ginkgo flavo Two ginkgo biloba labels, note the lack of standardization in (a) 60 mg of extract, 24% ginkgo flavo
Devices used to deliver respiratory drugs: (b) nebulizer with face Devices used to deliver respiratory drugs: (b) nebulizer with face
How to calculate present value using the compound interest formula (Question 1) How to calculate present value using the compound interest formula (Question 1)
Embryonic Period Embryonic Period
Video: Double Vacuum Process (Illustration No Audio)

For a complete list of videos, visit our video library