Find the proceeds of a non-interest-bearing promissory note for $3575.51, discounted 26 months before its due date at 4% compounded quarterly.
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Find the proceeds of a non-interest-bearing promissory note for $3575.51, discounted 26 months before its due date at 4% compounded quarterly. The proceeds are $nothing. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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- Determine m, n, and i for money earning 7.9% compounded monthly for 27 months. m= n= i= (Type an integer or a decimal.) (Type an integer or a decimal.) % (Round to four decimal places as needed.)Find the proceeds of a $3704.02, 9-year note bearing interest at 6.5% compounded annually, discounted 4 years after the date of issue at 4.4% compounded quarterly. The proceeds are $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A non-interest bearing promissory note has a face value of $950. Find the proceeds of this note if it is discounted 3½ years before its maturity date at 8% compounded quarterly. Select one: a. $719.98 b. $771.65 c. $657.22 d. $725.67
- Find the interest rate for a $5000 deposit accumulating to $6874.70, compounded quarterly for 8 years. The interest rate is %. (Round to two decimal places as needed.)Using the appropriate interest table, compute the present values of the following periodic amounts due at the end of the designated periods. $53,490 receivable at the end of each period for 8 periods compounded at 11%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)Label all final answers with the correct units, if applicable. Unless otherwise stated, use 4 decimal places for intermediate computations of interest rates (if needed) then round off final answers to two decimal places. For monetary amounts, use 2 decimal places even for intermediate computations. 2. On January 1, 2022, Marites deposited P15,000 in a bank that offered 2.5% annual interest compounded monthly, and a 20% tax on the interest is deducted every month. Determine the total balance of her account on April 1, 2022. 2
- A ten-year note for $1300 bearing interest at 6% compounded monthly is discounted at 8% compounded quarterly three years, ten months after the date of issue. Find the proceeds of the note. The proceeds are $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)For an interest-bearing promissory notes, compute the sale proceeds, when the issue amount is $18,200, term of the note is 4 1/2 years with interest rate 9.45% compounded monthly, the date of sale before maturity is 1.7 years with a discount rate 15% compounded quarterly. Select one: O a. 21634.97 Ob. 21642.76 O c. 21580.47 d. noneCarla Vista Co. receives a $60,400, 6-year note bearing interest of 7% (paid annually) from a customer at a time when the discount rate is 6%.Click here to view the factor table.(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)What is the present value of the note received by Carla Vista? (Round answer to 2 decimal places, e.g. 25.25.)
- A debt of $7311.92 is repaid by payments of $1795.22 in 8months ,$1002.19 in 17months, and a final payment in23months. If interest was8%compoundedsemi-annually, what was the amount of the final payment? The final payment is $nothing. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Lime Co. incurs a $4,000 note with equal principal installment payments due for the next eight years. What is the amount of the current portion of the noncurrent note payable due in the second year? A. $800 B. $1,000 C. $500 D. nothing, since this is a noncurrent note payableCalculate the interest on a 270−day, 11% note for $50,000. (Use a 365−day year. Do not round intermediate calculations, and round the final answer to the nearest dollar.) A. $8,250 B. $458 C. $4,068 D. $5,500