Ask a New Question

What are the proceeds of a note for $5,500 at a discount rate of 8%, for 30 months?

2 answers

Plug in the numbers and solve for I.

I = PRT

1100

Ask a New Question or answer this question.

Similar Questions

a man holds a note of $6,000 that has an interest rate of 13% annually the note was made on march 17 and is due november 11 he
1. 0 answers
a man holds a note of $6,000 that has an interest rate of 13% annually the note was made on march 17 and is due november 11 he
1. 1 answer
Calculate (a) interest and maturity value, (b) discount period, (c) bank discount, and (d) proceeds. Assume ordinary interest.
1. 1 answer
Mel Sturbridge needs $24,700 to remodel his home. Find the face value of a simple discount note that will provide the $24,700 in
1. 2 answers

more similar questions