Title: Guarantee Lending Co. discounted the following two interest-bearing notes. Compute the missing ...
Post by: Krazil on Mar 8, 2023
Guarantee Lending Co. discounted the following two interest-bearing notes. Compute the missing information. Use a 360-day year. a. | Face Value: | $1,800 | b. | Face Value: | $925 | | Date of Note: | July 20 | | Date of Note: | August 18 | | Interest Rate: | 15% | | Interest Rate: | 12% | | Time to Run: | 90 days | | Time to Run: | 60 days | | Discount Date: | October 3 | | Discount Date: | September 27 | | Discount Rate: | 18% | | Discount Rate: | 16% | | | | | | | | Interest Amount: | __________ | | Interest Amount: | __________ | | Maturity Value: | __________ | | Maturity Value: | __________ | | Maturity Date: | __________ | | Maturity Date: | __________ | | Days of Discount: | __________ | | Days of Discount: | __________ | | Discount Amount: | __________ | | Discount Amount: | __________ | | Proceeds: | __________ | | Proceeds: | __________ | | | | | | |
Title: Re: Guarantee Lending Co. discounted the following two interest-bearing notes. Compute the missing ...
Post by: twogat123 on Mar 8, 2023
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