J. Smith has a note with a face value (principal) of $10,000 at 6% for 90 days. He wants to discount the note after 30 days; the bank is offering a discount rate of 8%. What is the bank discount? (round to nearest cent)

Question

03-06-2024
Mathematics

Answered

Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Get quick and reliable solutions to your questions from a community of experienced professionals on our platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

J. Smith has a note with a face value (principal) of $10,000 at 6% for 90 days. He wants to discount the note after 30 days; the bank is offering a discount rate of 8%. What is the bank discount? (round to nearest cent)

Sagot :

We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.

The price of a gift plus 14% delivery charge comes to a total cost of $19.38. What was the price of the gift? Step 1 of 2 : Describe the above situation as a li

Which form of membrane transport requires the expenditure of energy in the form of ATP? a) passive diffusion b) facilitated diffusion c) ion pumps d) all of the

there is an idea that there is a corresponding similarity in pattern, nature, or structure between human beings and the universe. this concept is found througho

Consider a bicycle wheel that initially is not rotating. a block of mass m is attached to the wheel via a string and is allowed to fall a distance h. assume tha

anyone help me out for each function give a zero for their behavior ( cross or tangent)

Public offerings of debt and equity must be registered with the: Multiple Choice A New York Board of Governors. B Federal Reserve. C NYSE Registration Office. D

I need help with this 1 question. Please help

HELP ASAP!!! What does this dialogue reveal about Paul? O He admires his father's strength. O He is learning to stand up to his father. O He is scared of his fa

Alex tracked the number of cups of coffee he drank each day for the following month and created a new probability distribution. Number of Cups of Coffee, X 0 1

How do you get this temperature?; What was the temperature at 1 30 pm *?; What is the temperature difference between Mumbai and Kochi at 12 00 noon?; Which best

Sagot :

Other Questions