When discounted to yield 9.5% compounded quarterly, a $4,500 four-year promissory note bearing semiannually was priced at $5,697.84. How long after the issue date did the discounting take place? (Do not round the intermediate calcu the nearest month.) The discounting took place year(s) and month(s) after issue.

On June 8, Williams Company issued an $80,000, 5%, 120-day note payable to Brown Industries.  Assuming a 360-day year, what is the maturity value of the note? When required, round your answer to the nearest dollar. a. $82,600 b. $84,000 c. $81,333 d. $88,200

A noninterest-bearing note is issued on February 12 of a non-leap year in the amount of $14,250. It has a term of 10 months. It is sold on September 22 with a negotiated interest rate of 2%. Determine the proceeds of the sale. Add 3 days grace period. Select one: a. $14184.71 b. $12193.87 c. none d. $13189.29 Check

When discounted to yield 8.2% compounded quarterly, a $4,200 six-year promissory note bearing interest at 9.5% compounded semiannually was priced at $5,406.33. How long after the issue date did the discounting take place? (Do not round the intermediate calculations. Round your answer to the nearest month.) The discounting took place: ? year(s) and:?  month(s) after issue.

A 60-day, 9% note for $10,000, dated May 1, is received from a customer on account.  Use 30 day months and 360 day years in calculations of interest. The maturity value of the note is:

KE A non interest bearing promissory note for $1484 00 was discounted at 3% pa. compounded monthly. If the proceeds of the note were $1365.00, how long before the due date was the note discounted? State your answer in years and months (from 0 to 11 months) The note was discounted year(s) and month(s) before the due date

On June 8, Williams Company issued an $72,000, 7%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? Round your answer to the nearest whole dollar. a. $5,040 b. $73,680 c. $77,040 Od. $72,000

A $10,000, 12%, 60-day note receivable is received on January 12. The note is discounted at 12% on January 18. What is the maturity value of the note ? Prepare journal entry to record at the date of maturity.

On June 5, Sheffield Company discounted at Sunshine Bank a $7,080 (maturity value), 120-day note dated March 7. Sunshine’s discount rate was 10%. (Use Days in a year table.) What proceeds did Sheffield Company receive? Note: Use 360 days a year. Do not round intermediate calculations.