thanks ...
60.1K
Verified Solution
Link Copied!
Question
Accounting
thanks
1. A 364 day with a face value of si,000,000 was purchased by an investor at an interest rate of 2.38%, and sold after 100 days at interest rate of 2.35 (1) What is the price paid for the T-bill by the investor (2) What is the price of the T-bill sold by the investor? (3) How much profit did the investor get? (4) What was the simple interest rate did the investor eam? 2. A 120-day, S% promissory note with face value of S15,000 issued on May 1, 2012 was sold on August 5, 2012 while the cost of money is 4%. 1) When is the maturity date of the promissory note? (Answer in format of date is MMDD/YYYY)(2) What is the maturity value of the promissory note? (3) What is the price the note was sold on August 5, 2012?(4) What is the profit did the note holder get from selling the note? 5) What is the interest rate did the note holder eam from selling the note?(6) If the buyer cash the note on the maturity date, how much profit did the buyer earn
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.