Finance

Schwabl's restaurant uses wheat to bake its kummelweck buns. It requires 50,000 bushels in 2 months ...

Schwabl's restaurant uses wheat to bake its kummelweck buns. It requires 50,000 bushels in 2 months ...

[html]Schwabl's restaurant uses wheat to bake its kummelweck buns. It requires 50,000 bushels in 2 months on July 10th. The spot price of wheat is $1.0525 per bushel and the July futures contract is trading for a price of $1.068/bu. Each contract is

jag   402   4 Replies

Toba Adesipo

Use the table to solve the problem. Round to the nearest cent.Andrea Gilford's savings account has ...

Use the table to solve the problem. Round to the nearest cent.Andrea Gilford's savings account has ...

[html]Use the table to solve the problem.  Round to the nearest cent.

nevermind11111   89   1 Reply

paris.chen

Use the table to solve the problem. Round to the nearest cent.John Lee's savings account has a ...

Use the table to solve the problem. Round to the nearest cent.John Lee's savings account has a ...

[html]Use the table to solve the problem.  Round to the nearest cent.

aryaelfkind   76   1 Reply

overlandtrail

Find the simple interest for the period indicated. Then use table values to find the compound ...

Find the simple interest for the period indicated. Then use table values to find the compound ...

[html]Find the simple interest for the period indicated.  Then use table values to find the compound interest.  Finally, find the difference between compound interest and simple interest.  Round to the nearest cent.  (Interest is compounded annually.

lollie614   79   1 Reply

marcospolos

Find the simple interest for the period indicated. Then use table values to find the compound ...

Find the simple interest for the period indicated. Then use table values to find the compound ...

[html]Find the simple interest for the period indicated.  Then use table values to find the compound interest.  Finally, find the difference between compound interest and simple interest.  Round to the nearest cent.  (Interest is compounded annually.

bbergeron11   78   1 Reply

ixi12

Use values from the compound interest table to find the compound interest. Round to the nearest ...

Use values from the compound interest table to find the compound interest. Round to the nearest ...

[html]Use values from the compound interest table to find the compound interest.  Round to the nearest cent.

steveberrings   68   1 Reply

awbradshaw

Use values from the compound interest table to find the compound interest. Round to the nearest ...

Use values from the compound interest table to find the compound interest. Round to the nearest ...

[html]Use values from the compound interest table to find the compound interest.  Round to the nearest cent.

djnextlevel   53   1 Reply

Botox14

Use values from the compound interest table to find the compound interest. Round to the nearest ...

Use values from the compound interest table to find the compound interest. Round to the nearest ...

[html]Use values from the compound interest table to find the compound interest.  Round to the nearest cent.

akempire   58   1 Reply

scmhack

Use values from the compound interest table to find the compound interest. Round to the nearest ...

Use values from the compound interest table to find the compound interest. Round to the nearest ...

[html]Use values from the compound interest table to find the compound interest.  Round to the nearest cent.

endah87   55   1 Reply

nnenne

Use values from the compound interest table to find the compound interest. Round to the nearest ...

Use values from the compound interest table to find the compound interest. Round to the nearest ...

[html]Use values from the compound interest table to find the compound interest.  Round to the nearest cent.

lpn27   59   1 Reply

jordankites45

Use values from the compound interest table to find the compound amount. Round to the nearest ...

Use values from the compound interest table to find the compound amount. Round to the nearest ...

[html]Use values from the compound interest table to find the compound amount.  Round to the nearest cent.

shahabkhon   59   1 Reply

BlondieX

Use values from the compound interest table to find the compound amount. Round to the nearest ...

Use values from the compound interest table to find the compound amount. Round to the nearest ...

[html]Use values from the compound interest table to find the compound amount.  Round to the nearest cent.

youngbloodz   57   1 Reply

daniboi

Use values from the compound interest table to find the compound amount. Round to the nearest ...

Use values from the compound interest table to find the compound amount. Round to the nearest ...

[html]Use values from the compound interest table to find the compound amount.  Round to the nearest cent.

futurenurse15   55   1 Reply

andrewcao90

Use values from the compound interest table to find the compound amount. Round to the nearest ...

Use values from the compound interest table to find the compound amount. Round to the nearest ...

[html]Use values from the compound interest table to find the compound amount.  Round to the nearest cent.

Tonyt   60   1 Reply

live4outdoors

Use values from the compound interest table to find the compound amount. Round to the nearest ...

Use values from the compound interest table to find the compound amount. Round to the nearest ...

[html]Use values from the compound interest table to find the compound amount.  Round to the nearest cent.

cyberk   56   1 Reply

tswinson3

Find the compound interest earned. Round to the nearest cent. Do not use an interest table.$3,000 at ...

Find the compound interest earned. Round to the nearest cent. Do not use an interest table.$3,000 at ...

Find the compound interest earned. Round to the nearest cent. Do not use an interest table.

$3,000 at 8% compounded quarterly for 1 year

▸ $240.00

▸ $960.00

▸ $1,081.47

▸ $247.30

nancy2457   62   1 Reply

Ms Thickie

Find the compound interest earned. Round to the nearest cent. Do not use an interest table.$19,000 ...

Find the compound interest earned. Round to the nearest cent. Do not use an interest table.$19,000 ...

Find the compound interest earned. Round to the nearest cent. Do not use an interest table.

$19,000 at 8% compounded semiannually for 3 years

▸ $4,560.00

▸ $11,150.61

▸ $5,041.06

▸ $4,934.53

melisooflyy   56   1 Reply

Cow5215

Find the compound interest earned. Round to the nearest cent. Do not use an interest table.$11,000 ...

Find the compound interest earned. Round to the nearest cent. Do not use an interest table.$11,000 ...

Find the compound interest earned. Round to the nearest cent. Do not use an interest table.

$11,000 at 6% compounded annually for 4 years

▸ $661.50

▸ $2,887.25

▸ $2,101.18

▸ $2,640.00

MasterPriapis   68   1 Reply

tulipfiasco

Answer the question.Acme Manufacturing Company needs to borrow $150,000.00 for 50 days to pay ...

Answer the question.Acme Manufacturing Company needs to borrow $150,000.00 for 50 days to pay ...

[html]Answer the question.

Acme Manufacturing Company needs to borrow $150,000.00 for 50 days to pay creditors. One way to get the money would be by way of a simple interest note with a rate of 8% and a principal of $150,000.00. At what di

deodeo   54   1 Reply

dressagegal1

Answer the question.When using a diagram to determine the proper formula for finding principal, ...

Answer the question.When using a diagram to determine the proper formula for finding principal, ...

Answer the question.

When using a diagram to determine the proper formula for finding principal, interest, rate, and time, is it necessary to put the I on top and P, R, and T on the bottom? Explain.

js56154   54   1 Reply

Hlh13

Answer the question.Explain how to find the effective interest rate for a simple discount note.

Answer the question.Explain how to find the effective interest rate for a simple discount note.

Answer the question.

Explain how to find the effective interest rate for a simple discount note.

mahan1994   55   1 Reply

jchang19

Answer the question.Under what circumstances would a business consider discounting a note?

Answer the question.Under what circumstances would a business consider discounting a note?

Answer the question.

Under what circumstances would a business consider discounting a note?

lythong266   54   1 Reply

doquangnhat

Answer the question.What is a simple discount note? Explain in your own words by way of a specific ...

Answer the question.What is a simple discount note? Explain in your own words by way of a specific ...

Answer the question.

What is a simple discount note? Explain in your own words by way of a specific example.

rafiki121   57   1 Reply

Kimbleton

Answer the question.In your own words, define collateral. Give an example.

Answer the question.In your own words, define collateral. Give an example.

Answer the question.

In your own words, define collateral. Give an example.

kickykhalil   48   1 Reply

hamusa4

Answer the question.You are going to borrow $71,500.00 for 72 days. You are to be loaned the money ...

Answer the question.You are going to borrow $71,500.00 for 72 days. You are to be loaned the money ...

Answer the question.

You are going to borrow $71,500.00 for 72 days. You are to be loaned the money at an interest rate of 9%, and you are given the option to choose exact or ordinary interest. Which would you choose? Explain.

samestepp   54   1 Reply

astroasis

Solve the problem.The Gibralter Company loaned $5,074 for 150 days to the Hazen Company for the ...

Solve the problem.The Gibralter Company loaned $5,074 for 150 days to the Hazen Company for the ...

[html]Solve the problem.

The Gibralter Company loaned $5,074 for 150 days to the Hazen Company for the purchase of business supplies.  The Gibralter Company sold the 9% simple interest note 45 days later at an 10% discount rate.  Find the

tkd_fighter   50   1 Reply

windytodai

Solve the problem.Central Building Company borrowed $16,003 on a 187-day simple interest note to ...

Solve the problem.Central Building Company borrowed $16,003 on a 187-day simple interest note to ...

[html]Solve the problem.

Central Building Company borrowed $16,003 on a 187-day simple interest note to expand their business.  The note carried an interest rate of 11.6%.  Find the maturity value of the note.

▸ $16,967.27

▸ $16,098.11

jarzola   40   1 Reply

skysdalmts

Solve the problem.A holder of a $37,300, 7%, 90-day note dated June 1 decides to sell the note at a ...

Solve the problem.A holder of a $37,300, 7%, 90-day note dated June 1 decides to sell the note at a ...

[html]Solve the problem.

A holder of a $37,300, 7%, 90-day note dated June 1 decides to sell the note at a discount. The note is sold on July 23 at a discount of 11%. Find the proceeds.

▸ $37,500.48

▸ $37,672.32

▸ $37,139.31

▸ $37,512.

supersour   59   1 Reply

drdavid

Solve the problem.Tech Support Associates accepts a $8,360, 7%, 180-day note for service equipment. ...

Solve the problem.Tech Support Associates accepts a $8,360, 7%, 180-day note for service equipment. ...

[html]Solve the problem.

Tech Support Associates accepts a $8,360, 7%, 180-day note for service equipment. The note is dated Sep 2. On Oct 18 the firm discounts the note at a bank, at a 9% discount rate. Find the proceeds.

▸ $8,360.57

▸

supersour   75   1 Reply

Ranim_Saleem

Solve the problem.Twin City Freezer accepts a note with face value of $6,920 on June 5. The note is ...

Solve the problem.Twin City Freezer accepts a note with face value of $6,920 on June 5. The note is ...

[html]Solve the problem.

Twin City Freezer accepts a note with face value of $6,920 on June 5. The note is for 150 days at 8% interest. The note is discounted on July 16 at 12%. Find the proceeds.

▸ $6,888.48

▸ $6,830.10

▸ $6,977.46

▸

FallenOne   73   1 Reply

twogat123

Solve the problem.On June 5, Donaldson's Trucking accepts a $1,300 note in settlement of a bill. ...

Solve the problem.On June 5, Donaldson's Trucking accepts a $1,300 note in settlement of a bill. ...

[html]Solve the problem.

On June 5, Donaldson's Trucking accepts a $1,300 note in settlement of a bill. The note is for 210 days at 7% interest. Donaldson sells the note at a 9% discount rate on July 30. Find the proceeds.

▸ $1,300.31

▸

youngbloodz   78   1 Reply

Sagxar

Solve the problem.A holder of a $1,000, 10%, 150-day note dated June 6 decides to sell the note at a ...

Solve the problem.A holder of a $1,000, 10%, 150-day note dated June 6 decides to sell the note at a ...

[html]Solve the problem.

A holder of a $1,000, 10%, 150-day note dated June 6 decides to sell the note at a discount. The note is sold on July 26 at a discount of 12%. Find the proceeds.

▸ $993.52

▸ $1,012.73

▸ $1,006.94

▸ $1,006.60[/h

danyyzz   81   1 Reply

Kmc14

First, find the initial proceeds of the simple discount note. Then, find the discount period, the ...

First, find the initial proceeds of the simple discount note. Then, find the discount period, the ...

[html]First, find the initial proceeds of the simple discount note. Then, find the discount period, the discount, and proceeds after discounting.

Date Loan Was Made: Jan. 20
Maturity Value: $40,000
Length of Loan: 60 days
Ra

duo21   62   1 Reply

malgrextout

First, find the initial proceeds of the simple discount note. Then, find the discount period, the ...

First, find the initial proceeds of the simple discount note. Then, find the discount period, the ...

[html]First, find the initial proceeds of the simple discount note. Then, find the discount period, the discount, and proceeds after discounting.

Date Loan Was Made: Jan. 16
Maturity Value: $10,000
Length of Loan: 90 days
Ra

Godty   60   1 Reply

latoya86

The simple interest note was discounted at 15%. Find the discount period in days and the ...

The simple interest note was discounted at 15%. Find the discount period in days and the ...

[html]The simple interest note was discounted at 15%. Find the discount period in days and the proceeds.

Loan made: Oct 13
Face value: $64,000
Length of loan: 100 days
Rate: 12%
Date of discount: Jan 4

▸ 18 days, $63,6

lvnrn2012   49   1 Reply

mattloftergener

The simple interest note was discounted at 15%. Find the discount period in days and the ...

The simple interest note was discounted at 15%. Find the discount period in days and the ...

[html]The simple interest note was discounted at 15%. Find the discount period in days and the proceeds.

Loan made: Jan 4
Face value: $8,000
Length of loan: 120 days
Rate: 11%
Date of discount: Mar 4

▸ 61 days, $8,082.

cheesyboots   50   1 Reply

kniemeier2

The simple interest note was discounted at 15%. Find the discount period in days and the ...

The simple interest note was discounted at 15%. Find the discount period in days and the ...

[html]The simple interest note was discounted at 15%. Find the discount period in days and the proceeds.

Loan made: Oct 13
Face value: $18,500
Length of loan: 100 days
Rate: 11%
Date of discount: Jan 4

▸ 18 days, $18,9

mars03   48   1 Reply

sherbiejr16

The simple interest note was discounted at 15%. Find the discount period in days and the ...

The simple interest note was discounted at 15%. Find the discount period in days and the ...

[html]The simple interest note was discounted at 15%. Find the discount period in days and the proceeds.

Loan made: Apr 15
Face value: $500
Length of loan: 150 days
Rate: 10%
Date of discount: June 15

▸ 89 days, $480.6

whitedreamerz   55   1 Reply

itnow96

The simple interest note was discounted at 15%. Find the discount period in days and the ...

The simple interest note was discounted at 15%. Find the discount period in days and the ...

[html]The simple interest note was discounted at 15%. Find the discount period in days and the proceeds.

Loan made: Jan 4
Face value: $3,200
Length of loan: 120 days
Rate: 11%
Date of discount: Mar 4

▸ 60 days, $3,256.

arunasingh5   49   1 Reply

wellsar

Find the maturity value of the simple interest note.Face Value: $8,493Length of Loan: 133 daysRate: 12%

Find the maturity value of the simple interest note.Face Value: $8,493Length of Loan: 133 daysRate: 12%

Find the maturity value of the simple interest note.

Face Value:  $8,493
Length of Loan:  133 days
Rate:  12%

▸ $8,530.14

▸ $8,874.83

▸ $8,869.52

▸ $8,116.48

realgraverobb   104   1 Reply

ydnam23