Linda Cruz

This page lists questions and answers that were posted by visitors named Linda Cruz.

Questions

The following questions were asked by visitors named Linda Cruz.

Answers

The following answers were posted by visitors named Linda Cruz.

Stephanie Venze signed a simple discount note for $3400 for 120 days at a rate of 12%. Find (a) the proceeds and

Stephanie Venze signed a simple discount note for $3400 for 120 days at a rate of 12%. Find (a) the proceeds and (b) (b) the effective interest rate based on the proceeds received by Venze.

A 120-day simple discount promissory note for $12,000 with a simple discount rate of 9% was signed on July 14. It was discounted on August 30 at 9.5%. Find the proceeds at the time of the sale.