Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. solve for maturty value, discount period bank disc

Solve for maturty value, discount period bank discount and proceeds. Assume a bank discount rate...

50.1K

Verified Solution

Question

Finance

image

Solve for maturty value, discount period bank discount and proceeds. Assume a bank discount rate of 10% Use the ordinary interest method (Use Days in a yeat able ) (Do not round intermediate calculations. Round your final answers to the nearest cent.) Date note discounted Discount period Bank d Face value (principal)Rate of interest Length of noteMaturity value Date of note October 21 85 days daysS $46,600 11%

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

Basic Math
1.2K views

The personnel office at a large electronics firm regularly schedules job interviews and maintains records of...

Physics
1.2K views

0 14 Hz d More information is required A lens held above a coin placed...

Physics
1.2K views

a potential energy given by U exerted on it is 1 2 20y 4 Z...

Basic Math
1.2K views

What is the standard form translation of the singular statement John Brown is a plumber...

Basic Math
1.2K views

Graph the rational function.f(x) = 3x+3/x+2Start by drawing the vertical and horizontal asymptotes. Then plot...

Basic Math
1.2K views

A community theater uses the function p (d)=-4d^2 + 200d - 100 to model the...

Calculus
1.2K views

Sketch the graph of x/6 - y/4 = 1 selecting a type of graph, then...

Accounting
1.2K views

Near the end...

Accounting
1.2K views

Pharoah Me Salon Inc's general ledger at April 30, 2024, included the following: Cash $8,400;...

Accounting
1.2K views

URGENT PLZ HELP!! the image is attached of what is needed! Allowance method Journalize...

Accounting
1.2K views

Wheeling Company is a merchandiser that provided a balance sheet as of September 30 as...

Accounting
1.2K views

Which capital budgeting model is the simpilest, but ignores the time value of money? A....