Crystal signed a simple discount promissory note for $75,000. The discount rate is 13.25% and the term of the note is 120 days. What are Crystal's proceeds on the loan? A. $3,312.50 B. $71,687.50 C. $3,267.12 D. $19,575

Alana Olsen borrowed $5,000 for 90 days from First Bank. The bankdiscounted the note at 7 percent.a. What proceeds did Olsen receive?b. What is the effective rate to the nearest basis point?

Caridad borrowed $18,500 at 11% ordinary interest for 160 days. After 60 days, she made a partial payment of $3,000. What is the final amount due on the loan? (Round to the nearest cent.) O $15,839.17 O $16,323.14 O $16,404.44 O $16,613.53

Caridad borrowed $17,500 at 11% ordinary interest for 160 days. After 60 days, she made a partial payment of $3,000. What is the final amount due on the loan? (Round to the nearest cent.) $14,820.83 $15,273.69 $15,355.56 $15,545.41 Submit Answer

1. Terry Bergolt's bank granted him a single-payment loan of $4,400 at an interest rate of 6% exact interest. The term of the loan is 72 days. 1a. What is the exact interest? 1b) What is the maturity value of the loan? 2. Jane Dimas obtained a single-payment loan of $420 to pay a repair bill. She agreed to repay the loan in 90 days at an interest rate of 6.25% ordinary interest 2a. What is the ordinary interest? 2b. What is the maturity value of the loan?

Sean purchased an interest-bearing promissory note for $11,000.00 at 5.00% p.a., due in 90 days. If he sold the note in 36 days by discounting it at 6.00% p.a., calculate the proceeds of the note. Round to the nearest cent

On July 14, Gracie Paul accepted a $60,000, 6%, 160-day note from Mike Lang. On November 12, Gracie discounted the note at Lend Bank at a 7% rate. (a) What are Gracie’s proceeds, and (b) How much does Mike Lang pay and to who?

Akbar Associates issued 120-day note for $50,000 to a creditor on a account. The note was discounted at 6%. Assuming a 360-day year: a. What cash proceeds would Akbar receive from the note? b. How much would Akbar repay the creditor at the note's maturity? =

What proceeds did lee receive?

John signed a 90-day note with a face value of $6,000 and a discount rate of 14.57%. How much did the John receive from the bank?  (ordinary time)