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

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

Darcy holds a 200 day note from Brenda. This note was given by Brenda to Darcy since the former owes the latter $69,000. The simple interest note is dated Dec. 28 and carries an interest of 8%. The note is then sold by Darcy to a bank on March 17 at a discount rate of 12%. How much profit did the bank make? Group of answer choices $2,609,96 $2,966.69 $2,906.69 $2,609.69

Bruno received a one-year P375,000 note bearing annual interest of 8% from a customer. after holding the notes for six months, Bruno discounted the note at Special bank at an effective interest rate of 10%Question: if the discounting is treated as a borrowing what amount of loss on discounting should Bruno recognize?a. 20,250b. NONEc. 5,250d. 9,750

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?

Mr. Navarro received a loan with maturity value of 811,000 at a discount rate of 11.22 % for 11 months. Find the following: 1.Bank discount 2.Proceed

Wayne signed a $10,000 note at Lynn Bank that charges a 7% discount rate. Use ordinary interest. If the loan is for 150 days, find:A.ProceedsB.Effective rate charges by the bank (to the nearest tenth percent)

Amy Lee held a $3,200 105-day note dated July 7, bearing interest at 9.6%. On August 11, Amy took the note to a finance company which discounted it at 11.3%. Use a 365-day year to find the missing information on the loan. Interest Amount: __________ Maturity Value: __________ Maturity Date: __________ Days of Discount: __________ Discount Amount: __________ Proceeds: __________

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?