Respond to this Question
Similar Questions

Math Business
Janet got 671.50 in cash as the proceeds form a loan of $680. The discount rate was 10% simple interest. Find the discount period. I got 118.5 months but am not sure if I did it correctly.
asked by Scott on January 19, 2010 
Finance
Can anyone explain to me how to use this formula? Cost of failing to take a cash discount Disc ount percent 100 percent Discount percent 3 60 Final due date Discount period I am trying to calculate Assume the proceeds from
asked by Kimmie on October 15, 2011 
finance
Assume the proceeds from the loan with the compensating balance requirement will be used to take cash discounts. Disregard part b about installment payments and use the loan cost from part a. If the terms of the cash discount are
asked by sarah on January 26, 2010 
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
asked by Felicia on August 21, 2012 
math
Find the interest in dollars and the proceeds for the following problem. Choose the correct answer. Sue Shopper received a $749.25 discount loan to purchase a refrigerator. The loan was offered at 12% for 120 days. Find the
asked by youngboss on January 8, 2016 
math
Chris Shopper received a $800 discount loan to purchase a washer and dryer. The loan was offered at 10% for 120 days. What are the proceeds?
asked by Anonymous on April 14, 2014 
Accounting
T/F Questions The main reason that the bank statement cash balance and the company's cash balance do not initially balance is due to timing differences. Sales Discounts is a revenue account with a credit balance. Multiple Choice:
asked by Natalie on April 28, 2012 
math 106
In this question we will check if a discount is actually a discount. Say you are to borrow $100 for a year at a simple interest rate of 10%. Determine the discount D and the proceeds P for this loan. Next take another look at the
asked by james smith on June 17, 2017 
Finance
midland chemcial is negotating a loan from manhattan bank and trust. the small chemical company needs to borrow 500,000. the bank offers a rate of 81/4 percent with a 20 percent compensating balance requirement, or as an
asked by Jane on May 1, 2011 
Foundations of Financial Management
here is the problem The small chemical company needs to borrow $500,000. The bank offers a rate of 8 1/4 percent with a 20 percent compensating balance requirement, or as an alternative, 9 3/4 percent with additional fees of
asked by scooby9132002 on August 21, 2009