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

Author Question: An obligation of $17 320 is due two years from now with interest at 9.2% compounded semi-annually. ... (Read 211 times)

evelyn o bentley

  • Hero Member
  • *****
  • Posts: 564
on: Jun 6, 2019

Question 1

A three-year, $12 000 promissory note bearing interest at 11.6% compounded quarterly is discounted two years after the date of issue at 9.64% compounded semi-annually. What are the proceeds of the note?

Question 2

An obligation of $17 320 is due two years from now with interest at 9.2% compounded semi-annually. The obligation is to be settled by a payment of $8000 in seven months and a final payment in sixteen months. What is the size of the second payment if interest is now 10.8% compounded monthly?
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 evelyn o bentley on Jun 6, 2019

Danny Ewald

  • Sr. Member
  • ****
  • Posts: 332
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


evelyn o bentley

  • Hero Member
  • *****
  • Posts: 564
Reply #2 on: Jun 6, 2019
Thank you!


Danny Ewald

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jun 6, 2019
Always glad to help...


« previous next »
 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a
Growth of the body and brain is dramatic over the first 2 years. Growth of the body and brain is dramatic over the first 2 years.
Jawad makes semi-annual contributions of $2000 starting on his 27th birthday. How much will he ... Jawad makes semi-annual contributions of $2000 starting on his 27th birthday. How much will he ...
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
A portfolio earned -13%, 18%, 5%, 24%, and -5% in five successive years. What was the ... A portfolio earned -13%, 18%, 5%, 24%, and -5% in five successive years. What was the ...
Development of the Dungeness crab (Cancer magister). The crabs live for 8 to 10 years. Development of the Dungeness crab (Cancer magister). The crabs live for 8 to 10 years.
Video: Cardiac Cycle (Part 2 of 4)

For a complete list of videos, visit our video library