ya5johnsonyaHaespir ya5johnsonyaHaespir
  • 21-11-2016
  • Mathematics
contestada

A $15,000, 6 percent , 50-day note ,dated November 8, is discounted at 5 percent on November 28, the proceeds of the note would be?
A. $14,936,46
b. $ 15,610,64
c. $63,54
d. $15,061,98

Respuesta :

syed514
syed514 syed514
  • 23-11-2016
The answer is the D option.
Answer Link
saimmerchant saimmerchant
  • 29-03-2020

Answer:

D. $15061.98

Step-by-step explanation:

In order to calculate the proceeds we will using the following computation:

Principal + {Principal * Discounted rate * Frequency of a year on Maturity Date}

15,000 + {15,000 * 5% * (30/365)}

Hence, the proceeds of note would be $15,061.98

Answer Link

Otras preguntas

Calculate the volume in milliliters of a 0.51M barium chloride solution that contains 75.0mmol of barium chloride BaCl2. Be sure your answer has the correct num
Can you help me ? Please
Calculate the density of an object with a mass of 6.147 and a volume of 9.3 (include units)
Angie’s Bake Shop makes birthday chocolate chip cookies that cost $2 each. Angie expects that 10% of the cookies will crack and be discarded. Angie wants a 60%
3b=5 1/2 what is b? Please help
Describe the components of ATP. What is the purpose of ATP in the cell? How is it recycled?
block with m = 300 grams oscillates at the end of a linear spring with k = 6.5 N/m. (assume this is a top-down view and the block is sliding on a frinctionless
-4y-4+(-3) what is my answer?
What is the name of the line of reflection for the pair of figures?
Create a pseudocode showing logic steps to perform the required task below. Write a program that reads the subtotal and the gratuity rate for a service. Compute