Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. elun mosk wants to discount a $12,850, 225-day not

Elun Mosk wants to discount a $12,850, 225-day note at 6% at his bank at...

80.2K

Verified Solution

Question

Accounting

Elun Mosk wants to discount a $12,850, 225-day note at 6% at his bank at a discount rate of 4% on day 200. What are his proceeds?

Note: Round intermediate calculations and final answer to the nearest cent. Assume 360 days in a year.

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

General Management
1.2K views

What technology, equipment, and design elements would be use to support the sustainability of a birthing...

Biology
1.2K views

f cuticle em ot Plant Species Frasier fir Abies fraseri Field Notes Physical Symptoms Browning...

Biology
1.2K views

Acellular vaccines and subunit vaccinescontain modified bacterial exotoxin molecules.are always genetically engineered.contain select antigenic components...

Algebra
1.2K views

Use the graph below to write down the rational function f x represented in it...

Algebra
1.2K views

From the function s graph identify and interpret its maximum O The function s maximum...

Accounting
1.2K views

the cost of one product represents 60% of sales and the cost of another product...

Accounting
1.2K views

Erin Shelton, Inc., wants to earn a target profit of $800,000 this year. The companys...

Accounting
1.2K views

16. Revenue budget: calculating gross revenues. Calculate ZMG Hospitalists Practice's January February, and March commercial...

Accounting
1.2K views

The health services fund contribution rate is determined by the: total payroll for...

Accounting
1.2K views

Odirect financing O a legal loophole that allows all commercial banks the ability to underwrite...

Finance
1.2K views

Suppose you enter into a long 6-month forward contract with F=20. What is the payoff...

Finance
1.2K views

Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence,...