Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
Krazil Krazil
wrote...
Go to Answer
Posts: 141
Rep: 0 0
A year ago
Guarantee Lending Co. discounted the following two interest-bearing notes. Compute the missing information. Use a 360-day year.

a.Face Value:$1,800b.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:__________
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
Read 147 times
1 Reply
Replies
Answer verified by a subject expert
twogat123twogat123
wrote...
#1
Posts: 116
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

Krazil Author
wrote...

A year ago
Brilliant ツ
Fanmkreyol
wrote...

Yesterday
This helped my grade so much Perfect
yen
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1200 People Browsing
 109 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 308
  
 321
  
 97