Business Math

posted by .

Date of Note March 11, length of note 200 days, Date of discount, June 28. What is the maturity date and the discount period, no leap years, exact days

  • Business Math -

    Rex Corporation accepted a $5,000 8%, 120-day note dated August 8 from Regis Company in settlement of a past bill. On October 11, Rex discounted the note at Park Bank at 9%. What is the note's dicount period?

  • Business Math -

    Rex Corporation accepted a $5,000 8%, 120-day note dated August 8 from Regis Company in settlement of a past bill. On October 11, Rex discounted the note at Park Bank at 9%. What is the note's maturity value?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    what is the discount period, bank discount, and proceeds on 25000.00 at 9% for 60 days, date of note is June 8 and date note discounted is July 10?
  2. algebra

    The following note was discounted at 16%. Find (a) the discount period, (b) the discount, and (c) the proceeds. Date loan was made: March 15 Face Value: $6000 Length of Loan: 75 days Rate: 6% Date of Discount: April 5
  3. Business Math

    Varsity Press, a publisher of college textbooks, received a $70,000 promissory note at 12% ordinary interest for 60 days from one of its customers, Reader’s Choice Bookstores. After 20 days, Varsity Press discounted the note at the …
  4. contemporary math

    Varsity Press, a publisher of college textbooks, received a $70,000 promissory note at 12% ordinary interest for 60 days from one of its customers, Reader’s Choice Bookstores. After 20 days, Varsity Press discounted the note at the …
  5. math

    Varsity Press, a publisher of college textbooks, received a $70,000 promissory note at 12% ordinary interest for 60 days from one of its customers, Reader’s Choice Bookstores. After 20 days, Varsity Press discounted the note at the …
  6. math

    A 7%,6O day note was discounted at 15 days before the maturity date. If the discount rate was 5.5% and the proceeds received were $ 997,77,find a)the amount of discount that was charged b)the discount date if maturity date of the note …
  7. math(urgent)

    A 7%,6O day note was discounted at 15 days before the maturity date. If the discount rate was 5.5% and the proceeds received were $ 997,77,find a)the amount of discount that was charged b)the discount date if maturity date of the note …
  8. Business Math

    Using the dating method, calculate the discount date and the net date. Unless otherwise specified, the net date is 20 days after the discount date: The date of invoice is April 6th, Terms of sale is 2/10, EOM. What is the Discount …
  9. math

    Use the ordinary interest method, 360 days, to solve the following word problem. Round to the nearest cent when necessary. Pinnacle Manufacturing received a $40,000 promissory note at 12% simple interest for 95 days from one of its …
  10. math bus 105

    Calculate (a) interest and maturity value, (b) discount period, (c) bank discount, and (d) proceeds. Assume ordinary interest. (Round answers to nearest hundredths) Date of note Face value Length of note Interest rate Bank discount …

More Similar Questions