Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. b) use formula pv = fv/(1+in) pv = present value f

b) Use formula PV = FV/(1+in) PV = Present Value FV = Future Value i...

80.2K

Verified Solution

Question

Accounting

image

b) Use formula PV = FV/(1+in) PV = Present Value FV = Future Value i = simple interest rate n = number of periods ANZ supplies 91-day commercial bill finance to a customer. The face value of the bill is $100,000 and the nominal annual interest rate is 6.2%. i) How much does the customer receive

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

Economics
1.2K views

In a few paragraphs, please describe your view of the United Nations, its role on the...

Operations Management
1.2K views

Graphic rating scale is the evaluation of employees’ performance by comparing employees against certain “absolute” standards...

Basic Math
1.2K views

A 95 kg basketball player jumped in the air to secure a rebound. During the...

Basic Math
1.2K views

Solve the system of equations-10x - 5y = 580x+7y=181Ono solutions(2, 3)(5,0)(-2, -3)(-1, 6)infinite solutions

Statistics
1.2K views

Determine the number of solutions for each of the graphs DRAG DROP THE ANSWER One...

Calculus
1.2K views

following system of equations using Cramer Bx 5x 5y 5y 2 28

Algebra
1.2K views

A 3 Reasoning and Proof Write the converse inverse and contrapositive of the statement below...

Algebra
1.2K views

Consider the integral 5 Hint Recall the formula k k 1 Let n be a...

Accounting
1.2K views

Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred...

Accounting
1.2K views

4A Diamond International reported the following balance sheet accounts during 2028: During 2028, Diamond...

Accounting
1.2K views

How do i do part A and part B. On 1 July...

Finance
1.2K views

Hardaway earned $137,000 of compensation this year. He also paid (or had paid for him)...