dorriesmith7158 dorriesmith7158
  • 18-03-2020
  • Business
contestada

Abe Corp. discounted a 120-day note with a maturity value of $8,000 dated June 8 at the Village Bank on Sept. 2, at a discount rate of 9%. Use ordinary interest. How much did Abe receive?

Respuesta :

abdullahfarooqi
abdullahfarooqi abdullahfarooqi
  • 22-03-2020

Answer:

Abe receive = $ 7767

Explanation:

Abe receive = (maturity Value)/(1+ discount rate*120/360)

Abe receive = 8000/(1+ 9%*120/360)

Abe receive = $ 7767

Answer Link

Otras preguntas

If n is negative, all But which of the following must also be negative ??a) n5, b) n3, c) 1/n, d) 1/n2, e) 1/n3
what are the most common grammar errors?
On a shopping trip, Peter spent 1/3 of his money for a jacket and another $5 for a hat. If peter still had 1/2 of his money left, how much money did he have ori
What do you mean by ; "And shining morning face ,creeping like snail unwillingly to school"
why it is that evaporation causes cooling,but boiling causes heating?
what does 'back to square one' mean?
whats 30 divided by 6/7
2700=2300(1+r)^5 solve for r Please show all work
If you start skating down this hill, your potential energy will be converted to kinetic energy. At the bottom of the hill, your kinetic energy will be equal to
what does it mean to be 'dead in the water'?