49. Treasury Bill A three-month $7600 T-bill carries a discount of $80.75. What is the discount rate for this T-bill?

The face value of a simple discount note is $4,000. The bank discount is calculated at 12% for 60 days. Use ordinary interest. Calculate:A.Amount of interest charged for noteB.Amount borrower would receiveC.Amount payee would receive at maturityD.Effective rate Note: round to the nearest hundredth of a percent

Compute bank discount using (A) ordinary interest, (B) proceeds, and (C) effective interest rate to nearest hundredth. Do not round denominator in your calculation.   Face Value Discount Rate Time in Days $12,000 13% 120

Assuming a 360-day year, the interest charged by the bank, at the rate of 8%, on a 90-day, discounted note payable of $105,987 is a.$4,240 b.$8,479 c.$2,120 d.$105,987

A company has a collection period of 33 days and factors all receivables immediately at a discount of 2.3 percent. What is the effective annual cost of borrowing? Assume 365 days per year. Multiple Choice 29.35% 27.01% 26.04% 28.60% 25.42%

24. SIMPLE DISCOUNT RATE A plumbing contractor receives proceeds of $4713.54 on a 12.5% simple discount note with a face value of $5000. Find the time of the note in days.

pppppp

The face value of a single discount note is $12,000. The discount is 6½% for 90 days. Use ordinary interest. Calculate the following:A.Amount of interest charged for each noteB.Amount borrower would receiveC.Amount payee would receive at maturityD.Effective rate (to the nearest tenth percent)

a 3 month $4,000 treasury bill with discount rate 8.281 was sold in 2009.  a. find the price of the t bill . round to nearest dollar b. what is the actual intrest rate paid by the treasury

Complete the following table for the simple discount notes. Use the ordinary interest method. Note: Round your answers to the nearest cent. Amount due at maturity 4,400 Discount rate 6.25% Time 170 days Bank discount Proceeds