Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a seven-year note for $2800.00 issued on october 1

a seven-year note for $2800.00 issued on october 1,2015, with interest at 5.7% compounded annually...

50.1K

Verified Solution

Question

Accounting

a seven-year note for $2800.00 issued on october 1,2015, with interest at 5.7% compounded annually is discounted on june 1,2021, at 8.8% compounded quarterly. what are the proceeds of the note?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Many people purchase SUV because they think they are sturdier and hence safer than regular cars....

Biology
1.2K views

What are the 2 basic type of communication within bcells

Psychology
1.2K views

What kinds of adjustments should couples expect when they get married? Are these adjustments typically different...

General Management
1.2K views

. Antitrust laws and the agencies involved in enforcing such acts seem to be confusing. Please...

Accounting
1.2K views

Lott Company uses a job order cost system and applies overhead to production on the basis...

Physics
1.2K views

A charge Q is placed at the origin and another charge 2Q is placed at...

Algebra
1.2K views

Select the graphs that do NOT show functions U N 0

Algebra
1.2K views

3 Sketch a graph of the system of inequalities on a sheet of paper y...

Accounting
1.2K views

A cafe specializes in short order meals; and, morning and afternoon snack breaks. It is...

Accounting
1.2K views

what interesting or important questions remain unanswered about the Auditing (AUD) section of the CPA...

Accounting
1.2K views

PUBLC FNANCE there are two main views in regards to education generation positive externalities :The...

Finance
1.2K views

Question 11 1.25 pts If you deposited $1075 in the first year and $1,235 in...