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

Juan Pablo borrowed $1500 from a bank for 13 months. The bank discounted the loan at 5.7%.What is the loan's discount?$What is the net amount of money Juan Pablo receives?$What is the loan's actual rate of interest? (to the nearest hundredth of a percent)

Mark purchased a 90-day interest-bearing note at 4.80% p.a. that has a face value of $5,000.00. a. If she holds the note for the full 90 days, calculate the maturity value of the note. Round to the nearest cent b. If the note is discounted 42 days from maturity at a rate of 6.20% p.a., calculate her proceeds. Round to the nearest cent

Mark purchased a 90 -day interest-bearing note at 4.80% p.a. that has a face value of $5,000.00. a. If she holds the note for the full 90 days, calculate the maturity value of the note. Round to the nearest cent b. If the note is discounted 42 days from maturity at a rate of 6.20% p.a., calculate her proceeds. Round to the nearest cent

1) Ms. Smith borrowed P125,000 at 11% stated rate of interest and was to pay back the loan in 24 monthly payments. What is her effective rate of interest? A. 10.56% C. 21.12%B. 18.96% D. 22.00% 2) Kenneth's Arrows and Bows borrow P10,000 for one year at 12% interest. What is the effective rate of interest if the loan is discounted?A. < 12.5% C. > 13.5% but < 14.5%B. > 12.5% but < 13.5% D. > 14.5% 3) Koopman's Chickens, Inc. plans to borrow P300,000 from its bank for one year. The rate of interest is 10%, but a compensating balance of 15% is required. What is the effective rate of interest?A. < 11.4% C. > 11.6 % but < 11.8 %B. > 11.4% but < 11.6% D. > 11.8 %

Trevor purchased a 90-day interest-bearing note at 4.80% p.a. that has a face value of $25,000.00. a. If she holds the note for the full 90 days, calculate the maturity value of the note. Round to the nearest cent b. If the note is discounted 74 days from maturity at a rate of 6.50% p.a., calculate her proceeds. Round to the nearest cent

Ms. Kim borrowed an amount from a bank but she only recieved from the bank P1,340. She promised to pay the principal at the end of 9 months. If the corresponding discount rate or often referred toas the banker's discount is 13.73%, what is the amount borrowed?

Yagoda borrows $2,150.00 which she will repay with level weekly payments over 10 years. The interest rate is i(12) = 8.750%. What is the outstanding balance on the loan just after 453 payments? a. $349.45. O b. $373.01. O c. $392.64. O d. $325.89. O e. $298.40.

Luis paid off a loan by making a payment of $4,050, which included simple interest of 3% p.a. If he obtained the loan 6 months ago, calculate the amount borrowed and the amount of interest paid on this loan. Amount borrowed:   Round to the nearest cent Amount of interest paid:   Round to the nearest cent

Donna makes annual end of year payments of $5,043.71 on a four year loan with an interest rate of 13 percent. The original principal amount was Lütfen birini seçin: a. $ 3,092. b. $24,462. c. $20,175. d. $15,000.