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...

60.1K

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

Finance
1.2K views

what does the following ratios over a period of three years indicate? 1) total debt ratio indicate 2016 -...

Physics
1.2K views

Torque and Energy You are working with your friend to build a brick fireplace. The contractor dropped...

Basic Math
1.2K views

Find the percent of the area to the left of z = ?2.35.

Biology
1.2K views

Which of the following statements iscorrect for a transmembrane proteinbeing translated by an ER-boundribosome?There must...

Biology
1.2K views

If he were advising a group designing a suicide prevention program, Durkheim would be most...

Accounting
1.2K views

QUESTION 11 CRE CLOs can be static or managed True False 11B. CRE CDOs...

Accounting
1.2K views

2. (15%). Reconsider the...

Accounting
1.2K views

Direct Method, Reciprocal Method, Overhead Rates Macalister Corporation is developing departmental overhead rates based on...

Accounting
1.2K views

Cash 25,000 (3) 11,900 (5) 9,700 (6) 12,500 7,600 10,500 7,000 Common Stock 25,000 Accounts...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] The first production department...

Accounting
1.2K views

Weekly Class Discussion Questions: 1. Explain the type of information needed to prepare journal entries...

Accounting
1.2K views

E11-11(Algo) Recording Dividends and Preparing a Statement of Retained Earnings [LO 11-2, LO 11-3] ...