A price tag of P1200 is specified if paid within 60 days but offers a 3% discount for cash in 30 days. Find the rate of interest.

Q: A loan payment of $1500.00 was due 10 days ago and another payment of $900.00 is due 50 days from…

A: Given information:Loan payment of $1,500 due 10 days ago,Loan payment of $900 due 50 days from…

Q: A PRICE TAG OF P2,600.00 IS PAYABLE IN 60 DAYS BUT IF PAID WITHIN 30 DAYS IT WILL HAVE A 4%…

A: The question is based on the concept of Financial Management. Rate of Interest = Discount *…

Q: The discount yield of a 6-month T-bill with a face value of $1,000 is 4%. What is its price? O…

A: Note: All the Above mentioned given options are incorrect, so we are solving the question as per the…

Q: A honda generator (2KVA) has a list of price of P45,000 but can be purchased for either alternative…

A: List price is P 45,000 Alternative-1 Cash price of P40,000 Alternative -2 Down payment of P 5,000…

Q: This card has an introductory APR of 0%.  Credit cards often do this to entice customers.…

A: Introductory APR of 0% means that the card holder can make purchases or transfer a balance  without…

Q: What is the maturity value for a discount note of $7,000, 120-day, with a discount rate of 6%?

A: Note discount is the difference between the face value (or principal amount) of a promissory note…

Q: A loan is offered with monthly payments and a 8.50 percent APR. What's the loan's effective annual…

A: Effective annual rate is the rate that is actually earned. It can be calculated Effective annual…

Q: An annuity pays $200 at the end of each period for 10 periods. Set up the CFs in an Excel…

A: The implied discount rate (r) will be the rate at which the values of the year-end cash flows equal…

Q: 2. Calculate the forward per annum premium/discount given the following quotes Spot: £1= $1.4;…

A: It is a problem that requires calculating the forward premium or discount on an annual basis.Spot…

Q: 3. The price of a certain item is P1,000, payable in O days but if paid in 30 days there will be a…

A: Formula: Simple Interest = Principle X Rate X Time/365 days

Q: Find the present value of Php 20,000 due at the end of 6 months if the discount rate is 5%. What is…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: n item is 10000, payable in 10 days but if paid in 30 days there will be a P30 discount. Find the…

A: Simple interest = Principal * rate* time (n).

Q: Issue No. xxxx of T-Bills is available for sale at a discount of 6.22%. The face value of the bills…

A: Here, Discount Rate is 6.22% Face Value of T-Bill is 75,000,000 Maturity Period is 90 days Note: As…

Q: Find the annual financing cost (AFC) or a 30 day line of credit where the bank requires a 10%…

A: *Answer:  Data given: Loan amount                     =$214,296 Interest rate…

Q: e discount interest if F = PHP 58,000, discount interest rate 4.5% an

A: Discount is amount of money below the face value of note or any bond or any financial instrument on…

Q: 200-day note has interest of $8000 and a rate of 10%. Find the  maturity

A:

Q: A PRICE TAG OF P2,600.00 IS PAYABLE IN 60 DAYS BUT IF PAID WITHIN 30 DAYS IT WILL HAVE A 4%…

A: Rate of Interest = DiscountPrincipal - Discountx100

Q: A payday lender offers 7 day loans at 7.6% discount interest per week. For example, if you borrow…

A: Effective annual rate refers to the percentage of return after the effect of compounding for the…

Q: You need to borrow $10,000 right now but can repay the loan in 6 months. Since you want to pay as…

A: Simple Interest Loans are the loans in which the interest amount is calculated by multiplying the…

Q: Find the initial monthly payment on a 3/20 ARM of $178,802 if the interest rate is 5.35%. How long…

A: 3/20 means 3% discount you will get if you pay with in 20 days , if you not pay with in 20 days you…

Q: A payday loan company charges a $25 fee for a $550 payday loan that will be repaid in 17 days.…

A: Given, Payday loan company charges fee = $25 Payday loan amount = $550 Duration = 17 days

Q: Cray Computing needs a 8-month loan for $300,000. Its bank quotes a simple interest rate of 12% on…

A: Simple interest: $24,000APR (assuming simple interest): 8%Effective APR (considering compensating…

Q: You are planning to make monthly deposits of £400 into a retirement account that pays 7 per cent…

A: The future Value accumulated after depositing a regular amount for the period compounding with the…

Q: A store will give a 2.5% disount on the cost of purchase if you pay cash today. The payment is due…

A: Effective annual rate (EAR) is a measure of the true annual interest rate that takes into account…

Q: A) You have the following information about prices today, month=0. 2-month t-bill, interest rate…

A: Given Information :  2 Month t-bill interest rate = 0.02 6 Month t-bill interest rate = 0.025

Q: You plan to take out a 9 month loan of $12mm in 6 months. The following schedule reports interest…

A: Forward Interest rate for 9 month loan in 6 months = [[(1+r15)/(1+r6)] - 1]*(12/n) r15 =  5 *15/12…

Q: CALCULATE THE FORWARD PER ANUM premium OR DISCOUNT. The pound sterling is quoted against the dollar…

A: Given: Spot rate = $1.8000 Forward rate = $1.78 Pound sterling is quoted against the dollar spot…

Q: You are given the following information: A 183-day T-bill, face value $100, currently trading at a…

A: A T-Bill is a short-term debt security issued by the Department of the Treasury with maturities…

Q: Find the savings plan balance after 15 months with an APR of 2% and monthly payments of $100

A: Future Value of Annuity: It represents the future worth of the current stream of cash flows and is…

Q: Find the annual financing cost of a 45 day revolving credit agreement with a 0.5% commitment fee.…

A: Meaning of: Revolving credit - Revolving credit is an arrangement wherein an account holder can…

Q: Jay Jenkins takes out a 10.5% simple interest loan today that will be repaid in six months from now…

A: Simple Interest is the method in which we calculate the interest on a specific principal amount at a…

Q: A simple discount rate has face value of php 28,000.00 and proceeds of php 27,000.00. find the…

A: The question is based on the concept of the time value of money, the discounted value is calculated…

Q: You buy a K10 000 face value Treasury Bill in one month for K9 900. Calculate your holding period…

A: Holding period rate of return(HPR) on treasury bill is calculated using following equation HPR =…

Q: the discount yield on a 3 month T-bill is 6.5%. assuming there are 360 days in a year, what is the…

A: Given: Face value = 1,000 Interest rate = 6.5% Period = 3 months or 90 days(3*30)

Q: Your bank is offering you an account that will pay 19% interest (an effective two-year rate) in…

A: Interest rate is 19%Time period is 2 yearsTo Find:Equivelent interest rate for6 months1 yearone…

Q: If you deposit R50 into an account yielding 2% per month, What is the future value  after 60 months…

A: Future value is the compounded value of all future cash flows, compounded at a specified rate of…

Q: Consider a loan of 25000 for a period of 30 years at a fixed apr of 9.5% the monthly payment is

A: Given information: Loan amount is 25,000 APR is of 9.5% Number of years (period) is 30

Q: A borrower takes out a 5/1 Hybrid ARM for $450,000 with an initial contract interest rate of 3.5%.…

A: A mortgage with an adjustable rate has a variable interest rate based on the loan's outstanding…

Q: what nominal rate of interest compounded quartely is quivilant to a effective rate of 5.99%.

A: We will use formula for effective rate of interest to find nominal rate :   re = 1 + imm   -  1…