Meghan purchased a 90-day interest-bearing note at 5.20% 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 22 days from maturity at a rate of 5.90% p.a., calculate her proceeds. Round to the nearest cent

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

Trish receives $450 on the first of each month. Josh receives $450 on the last day of each month. BothTrish and Josh will receive payments for next four years. At a discount rate of 9.5 percent, what is thedifference in the present value of these two sets of payments?Select one:a. $151.06b. $141.80c. $162.50d. $159.08e. $154.30

Clark’s Landscaping bills customers subject to terms 2/25, n/60. Required: Compute the annual interest rate implicit in the sales discount. If his bank charges 17 percent interest, should the customer borrow from the bank so that he can take advantage of the discount?

Imelda opens a savings account with $12,000, which pays an annual interest rate of 7.8%. If she reinvests the generated interest every month and also deposits $2,300 each month, how much will be in the account after 2 years? The interest is reinvested on the same day as the $2,300 deposit. Otions: 69177.89 71052.15 73548.61 70524.79

Shirley Trembley bought a house for $185,300. She put 20% down and obtains a simple interest amortized loan for the rest at  6 3 8 %  for thirty years. (Round your answers to the nearest cent.) (a) Find her monthly payment.$ (b) Find the total interest.$ (c) Prepare an amortization schedule for the first two months of the loan. PaymentNumber PrincipalPortion InterestPortion TotalPayment Balance 0       $  1 $  $  $  $  2 $  $  $  $  (d) Most lenders will approve a home loan only if the total of all the borrower's monthly payments, including the home loan payment, is no more than 38% of the borrower's monthly income. How much must Shirley make to qualify for the loan?$  per month

Marcel Thiessen purchased a home for $205, 700 and obtained a 15-year, fixed - rate mortgage at 10% after paying a down payment of 10%. Of the first month's mortgage payment, how much is interest and how much is applied to the principal? (Round your answer to the nearest cent.)

Wyatt signs a note for a discounted loan agreeing to pay $4,100 in 6 months at a discount rate of 13%. Determine the amount of the discount and the proceeds to Wyatt.Discount = $  Proceeds = $

On May 4 Ariel signed a simple discount note for $3,500 at 31/2% for 60 days. Calculate the proceeds she will receive on May 4. Calculate the amount she will pay at maturity Determine the date it will be due.

Jerome obtains Php 15,000 as the proceeds of a 300-day loan from a bank charging 5% Discount. What will Jerome pay at the maturity date?