Posted by **Scott** on Saturday, March 15, 2008 at 8:54am.

The September 2003 issue of money stated that intrest rates have climbed to 5.99% Nancy Martin, owner of Martins Textile Manfacturing, supplied Dolan Limited with clothing worth 7353.00 The terms of sale were 180 days and 5.4% intrest. Dolan Limited took possession of the order on March 3, 2004. On April 15, 2004, Nancy discovers, she has a cash flow problem; a bank agrees to discount the note at 5.99% A) what is the bank discount amount? B What amount would Nancy Receive? Round to the nearest cent.

## Answer This Question

## Related Questions

- Discount Notes - The September 2003 issue of money stated that intrest rates ...
- Promissory Notes - The September 2003 issue of money stated that intrest rate ...
- Intrest Problem - Shawn Bixby borrowed 17000.00 on a 120-day, 12% note. After 65...
- simple intrest - ON September 14th Jennifer Rick went to a park bank to borrow ...
- Simple Intrest - ON September 14th Jennifer Rick went to a park bank to borrow ...
- pride - you deposit 7900 in a money market account that pays a intrest rate of 4...
- math - How much simple intrest would 1,000 earn in 275 days at an intrest rate ...
- Finance - is the effective interest rate for a discount loan is greater than th ...
- Intrest - On Sept 14 Jennifer Rick went to park bank to borrow 2500.00 at 11 3/4...
- math - An investor has 7000 to invest in two accounts. The first account earns 8...

More Related Questions