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what is the bank discount

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. 1,648 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. 316 views
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. 919 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. 1,194 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,
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2. asked by Scott
3. 1,749 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
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2. asked by Nieda
3. 685 views
Discount Hardware Wishes to expand its business and has borrowed $200,000 from the Toronto Dominion Bank. As a condition for
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2. asked by Christine
3. 1,192 views
Suppose your bank account will be worth $15,000.00 in one year. The interest rate (discount rate) that the bank pays is 7%. What
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2. asked by Lillie
3. 492 views
What is the annual percentage yield (APY) of a simple discount note for $7,000 at a bank discount rate of 6%, for 3 months?
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2. asked by Angie
3. 1,249 views
what is the bank discount and proceeds on 20000.00 amount due at maturity, Discount rate 6.25% and time of 180 days?
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2. asked by Anonymous
3. 626 views