Ramos Company has a 90-day note that carries an annual interest rate of 8%. If the amount of the total interest on the note is equal to $700, what is the note's principal? a. $8,750 b. $35,000 c. $50,400 d. $22,400

A 102-day note for $85 bears simple interest at 4.5% and is sold 22 days before maturity to a bank that uses a simple interest rate of 8%. What are the proceeds?

On January 26, Nyree Co. borrowed cash from Conrad Bank by issuing a 90-day note with a face amount of $46,800. Assume 360 days in a year. a.  Determine the proceeds of the note, assuming the note carries an interest rate of 10%.fill in the blank 1 of 2$ b.  Determine the proceeds of the note, assuming the note is discounted at 10%.fill in the blank 2 of 2$

Harris Company borrows money from the Whitestar Bank and signs an interest-bearing promissory note. Principal Term Interest $3,600 120 days $72 Required: Given the details above, determine the interest rate on the note. Note: To simplify the arithmetic, use 360 days in a year. 0% Interest rate:

On January 26, Vibrant Co. borrowed cash from Conrad Bank by issuing a 30- day note with a face amount of $74,400. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 5%.

Harrison Corporation borrowed $39,000 from F&M Bank on June 1 of the current year. The bank required 8% interest. Interest will be paid when the nine-month note becomes due. What is the interest expense for the subsequent year in which the note is due and paid? (Do not round intermediate calculations. Only round your final answer to the nearest dollar.) ○ A. $1,560 OB. $1,820 OC. $520 OD. $2,340

On January 26, Nova Co. borrowed cash from Conrad Bank by issuing a 90-day note with a face amount of \( \$ 44, 400 \). Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of \(8\% \). b. Determine the proceeds of the note, assuming the note is discounted at \(8\% \),

On January 26, Elegant Co. borrowed cash from Conrad Bank by issuing a 30-day note with a face amount of $63,600. Assume a 360-day year. a.  Determine the proceeds of the note, assuming the note carries an interest rate of 5%.$fill in the blank 1 b.  Determine the proceeds of the note, assuming the note is discounted at 5%.$fill in the blank 2

A non-interest bearing note has a face value of $3000. The note is due 96 days from today. Money is currently worth 8% per annum. Find the present value of the note. Select one: a. $2938 b. $3063 c. $2778 d. $2923

Anderson Co. issued a $55,000, 60-day, discounted note to National Bank. The discount rate is 6%. At maturity, assuming a 360-day year, the borrower will pay?