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

Author Question: A five-year promissory note with a face value of $3500, bearing interest at 11% compounded ... (Read 354 times)

tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
on: Jun 6, 2019

Question 1

Zara borrowed $4000 from Duca financial at an interest rate of 7% compounded semiannually. The loan is to be repaid in 3 equal payments in two years, three and five years, respectively. How much will be each payment?

Question 2

A five-year promissory note with a face value of $3500, bearing interest at 11% compounded semiannually, was sold 21 months after its issue date to yield the buyer 10% compounded quarterly. What amount was paid for the note?
◦ $4251.71
◦ $5978.51
◦ $6021.50
◦ $4336.93
◦ $3500
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 tatyanajohnson on Jun 6, 2019

mammy1697

  • Sr. Member
  • ****
  • Posts: 341
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


tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 6, 2019
TY


mammy1697

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jun 6, 2019
You're welcome


« previous next »
 

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

The patient interview often requires note taking. The patient interview often requires note taking.
In 1879 an army officer founded the Carlisle School in Pennsylvania to “civilize” young Indians. The In 1879 an army officer founded the Carlisle School in Pennsylvania to “civilize” young Indians. The
Brain Activation During a Face Recognition Task Brain Activation During a Face Recognition Task
The sense of taste. Note: taste buds are located on the anterior and posterior portions of the ... The sense of taste. Note: taste buds are located on the anterior and posterior portions of the ...
Hospitalization per year Hospitalization per year
A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ... A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ...
Video: Leukemia

For a complete list of videos, visit our video library