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1.FIND the bank discount and

A local bank lends $12,000 using a 150-day 9% simple interest note that was signed on May 18. The bank later sells the note at a
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2. asked by Felicia
3. 908 views
In calculating the bank discount when discounting an interest-bearing note, which one of the followingis not used in the
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2. asked by debbie
3. 1,635 views
Ray furniture wants to buy a dining room set for $7,000 with a 20% trade discount. Considering a 90-day note dated May 12 with a
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2. asked by Regina
3. 305 views
Calculate (a) interest and maturity value, (b) discount period, (c) bank discount, and (d) proceeds. Assume ordinary interest.
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2. asked by christina
3. 1,182 views
1.Joanne borrowed RM5000 for 180 days at a discount rateof 8 1/2 %.find the proceeds.2.A businessman needs RM12000 for four
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2. asked by SISKA
3. 597 views
1.Joanne borrowed RM5000 for 180 days at a discount rateof 8 1/2 %.find the proceeds.2.A businessman needs RM12000 for four
1. 23 answers
2. asked by fizz
3. 1,047 views
Rex corporation accepted a 5000.00, 8%, 120-day dated August 8 from Regis company in settlement of a past bill. On October 11,
1. 2 answers
2. asked by Scott
3. 1,733 views
4) Jim has been offered a substantial cash discount if he pays an invoice 60 days earlier. One bank will loan him the needed
1. 1 answer
2. asked by Nieda
3. 665 views
Sheila Spinney borrowed $32,500 at 7.5% simple interest for 180 days on January 7. The bank later sold the note at an 8%
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2. asked by Felicia
3. 720 views
Sheila Spinney borrowed $32,500 at 7.5% simple interest for 180 days on January 7. The bank later sold the note at an 8%
1. 1 answer
2. asked by Janine
3. 1,407 views