Roni Lockard signed a $26,500 simple discount promissory note at a certain bank. The discount rate was 14%, and the note was made on February 18 (not in a leap-year) for 113 days   What proceeds (in $) will Roni receive on the note? What is the maturity date of the note?

7.- For 10 months, Paola has deposited $1,000 every two weeks in a bank that pays 0.5% compounded bi-weekly on the deposited amounts. At the end of the deposit period, she does not withdraw the amount but leaves it in the account for an additional 5 months. What is the amount withdrawn at the end of the fifteenth month? Options: 22051.99 23575.28 21344.18 20979.12

Calculate the discount period for the bank to wait to receive its money: (Use Days in a year table):     Date of note Length of note Date note discounted Discount period March 07 120 days June 08   days

Dan Dayle started a business by issuing an $85,000 face value note to First State Bank on January 1, Year 1. The note had an 7 percent annual rate of interest and a five-year term. Payments of $20,731 are to be made each December 31 for five years. Required What portion of the December 31, Year 1, payment is applied to interest expense and principal? What is the principal balance on January 1, Year 2? What portion of the December 31, Year 2, payment is applied to interest expense and principal? (Round your answers to the nearest dollar amount.)   Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.