Sunday

November 23, 2014

November 23, 2014

Posted by **Janine** on Thursday, September 6, 2012 at 11:13pm.

1. A 120-day simple discount promissory note for $12,000 with a simple discount rate of 9% was signed on July 14. It was discounted on August 30 at 9.5%. Find the proceeds at the time of the sale.

2. 8. A $15,000 T-bill is purchased at a 3.85% discount rate for 16 weeks. Find (a) the purchase price of the T-bill, (b) the maturity value, (c) the interest earned, (d) the effective rate of interest to the nearest hundredth of a percent.

**Answer this Question**

**Related Questions**

algebra - A 120-day simple discount promissory note for $12,000 with a simple ...

math - 1. A 120-day simple discount promissory note for $12,000 with a simple ...

math - Home health signed a 90,000 note at 11 1/2% simple interest for 180 days ...

algebra - A local bank lends $12,000 using a 150-day 9% simple interest note ...

business Math - Carl Sonntag wanted to compare what proceeds he would receive ...

College Math - i'm having trouble calculating this. can someone help please? A $...

business Math - You were offered the opportunity to purchase either a simple ...

Math - A man makes a simple discount note with a face value of $2,300, a term of...

Finance - Carnation needs to buy a $12,500 part the part company is offering ...

algebra - Stephanie Venze signed a simple discount note for $3400 for 120 days ...