Calculate the discount period for the bank to wait to receive its money: (Use Days in a year table): Date of note April 12 Length of note 45 days Date note discounted May 02 Discount period days

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A: We have to find the extra amount to be paid first.

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A: Record the bond issue on January 1, 2024:Debit: Cash $1,076,000Credit: Bonds Payable…

Q: Consider a student loan of $12,500 at a fixed APR of 6% for 25 years. a. Calculate the monthly…

A: (a) Obtain the monthly payment as follows.

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Q: Businessman has a note of Php. 20,000 dated April 17, 2016. The date is due in 130 days with…

A: We need to calculate the maturity date of the loan. The Businessman has a note of Php 20,000 dated…

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Q: average daily balance. Find (a) the average daily balance, (b) the monthly finance charge, and (c)…

A: interest rate per month = 1.2%previous balance : $756.18july 6    Billing Date july 15…

Q: 3. How many more monthly payments are made for a 5-year loan than for a 2-year loan?

A: Number of monthly payment for a 5year plan is = 5*12=60 months. (in 1year total number of months is…

Q: The maturity value of $3600 at 5% for 9 months is.

A: we  know  , the maturity  value , V = P( 1+ R)^T V – Maturity Value P – Principal Invested R – Rate…

Q: Businessman has a note of Php. 20,000 dated April 17, 2016. The date is due in 130 days with the…

A: Given : Principal amount =20,000 Interest rate=15% Dated April 17,2016

Q: Determine the number of days of the loan. Loan Date Due Date Number of Days March 7 July 18

A: Given that the following table: Loan Date Due Date Number of Days March 7 July 18         ?

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: Calculate option price, put and call , strikes +/- 5% Present price 3,475 Number of days 730…

A:

Q: Amanda recieves an invoice from Staples dated November 2nd, 2015 for $1,500 vith terms 6/4, 2/14,…

A: a. The number of days between the date of the invoice and the payment date can be calculated as…

Q: 13. Miguel keeps a check register to track his money. The first transaction occurred March 15.…

A: Given that Miguel keeps a check register to track his money. The first transaction occured March 15.…

Q: Calculate the average daily balance for November for a revolving credit account with a previous…

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Q: Calculate the cash discount and the net amount due in $. Amount of invoice $14,660 Terms of sale…

A: Consider that the amount of invoice is $14660, 2% of cash discount is offered when the invoice is…

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Q: Ordinary annuity, $175 monthly payment, 618% inter- est, eleven years.

A: P=Payment per period=$175r=Interest rate per period=618%=6.18n=Number of periods=11 years

Q: The annual effective interest rate is 5%.Find the monthly effective discount rate

A: To find the monthly effective discount rate, we need to convert the annual effective interest rate…