The _________ of a loan is the amount the borrower receives, which is the maturity value less the ...

The _________ of a loan is the amount the borrower receives, which is the maturity value less the bank discount.
Fill in the blank(s) with correct word

Q. 2

What is the compound amount if Alicia deposited 6,500 at 10 interest compounded quarterly for one year? Round to the nearest cent after each calculation.

Q. 3

What is the compound interest earned at the end of a 2-year period on a loan with an original principal of 8,000 at 7 compounded annually?

Q. 4

Kelly borrowed 3,000 with an interest rate of 7.2. The time is based on 90 days in a 360-day year and the loan was taken out on August 19. The note has been discounted 14 on October 10. What are the proceeds?

Q. 5

The face value on a loan is 11,289, the interest is 6.5, and the time is 7 months. The bank discounted the note at 12 two months before the maturity of the loan. What is the bank discount?

Q. 6

The face value of a note is 10,000 with an interest rate of 8.5. The time is based on 180 days in a 360-day year. The note has been discounted at 14 three months before the maturity of the note. How much are the proceeds?

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The _________ of a loan is the amount the borrower receives, which is the maturity value less the ...

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