Saturday
December 20, 2014

Homework Help: Discount Note

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

First Name:
School Subject:
Answer:

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 ...
SAT - Suits at a local clothing store are discounted 20%. Despite the discount, ...
Economics - If the real interest rates change in an economy due to a rise in ...
Finance - is the effective interest rate for a discount loan is greater than th ...
English... Urgent - Look at the following puzzles and try to decipher the well ...
pride - you deposit 7900 in a money market account that pays a intrest rate of 4...
english - Erica P. com/155interest rates In a total of 200 words, write two ...
Discount Note - On September 5, Sheffield company discounted at sunshine bank a ...
Finance - Carnation needs to buy a $12,500 part the part company is offering ...

Search
Members