A $40 000, 15-year promissory note dated June 1, 2010, bearing interest at 12% compounded semi-annually is

Question:

A $40 000, 15-year promissory note dated June 1, 2010, bearing interest at 12% compounded semi-annually is discounted on September 1, 2018, at 11% compounded quarterly. What are the proceeds of the note?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

See More Books

Question Posted: Feb 26, 2016 03:49 AM

See More Questions

Jesper Parnevik borrowed $70,000 on March 1, 2006. This amount plus accrued interest at 12% compounded semiannually is to be repaid March 1, 2016. To retire this debt, Jesper plans to contribute to a...
A ten-year promissory note for $1750 dated May 1, 2013, bearing interest at 4% compounded semi-annually is discounted on August 1, 2019, to yield 6% compounded quarterly. Determine the proceeds of...
What is the face value of a three-month promissory note dated June 18, 2015, with interest at 4.5 percent, if its maturity value is $950.89?
You would like to construct a 95% confidence interval to estimate the population mean price of milk (per gallon) in your city. You select a random sample of prices from different stores. The sample...
One of the theories regarding initial public offering (IPO) pricing is that the initial return y (change from offer to open price) on an IPO depends on the price revision x (change from pre-offer to...
What is the differences and similarities between a database and a knowledge base?
Analizar la comunicacin de marketing integrado y el proceso de comunicacin . OA2
From the 1960s, James Johnson served as Bradley Unions personal caretaker and assistant, and was authorized by Union to handle his banking transactions. Louise Johnson, Jamess wife, wrote checks on...
Comment on Peytons recent financial performances Quantify the impact of the accounting policy, and estimate changes being proposed by McNeilly on FY 2015s earnings relative to the figures that would...
Analyze the Nike data given in Internet and Computer Exercises 1 of Chapter 15. Do the three usage groups differ in terms of awareness, attitude, preference, intention, and loyalty toward Nike when...
A seven-year, $10 000 promissory note bearing interest at 8% compounded quarterly is discounted four years after the date of issue at 7% compounded semi-annually. What are the proceeds of the note?
A 15-year promissory note for $16 500 bearing interest at 12% compounded semi- annually is discounted at 9% compounded monthly, 3 years and 4 months after the date of issue. Compute the proceeds of...
Suppose = 3.0 and 2 = l.0. Start from H = 0 and A = 20. Take two steps, with a step length of t = 0.5. Do the results look reasonable? Apply Euler's method to Newton's law of cooling with the given...
Malaysian Agrifood Corporation Berhad reported sales of RM 7 0 , 0 0 0 in May and RM 8 0 , 0 0 0 in June. The forecast sales for July, August and September are RM 9 0 , 0 0 0 , RM 1 0 0 , 0 0 0 , and...
1. Refer to the \"Plotting Data\" lesson (end of "Patterns to Notice") and plot the "Skydiver Velocity vs. Time\" data (taken from the video) on the following graph. to c) d) e) f) 9) Which is the...
The Star Company is considering a change in its credit terms to increase sales. Its current credit sales are $8.5 million per year and its present credit terms are 2/16 net of 20 basis. Discount is...
Determine the shear flow distribution for a torque of 57265.0Nm applied to the three cell section shown in the figure below. Note that the section has a constant shear modulus throughout. All answers...
2 a) Figure 1 shows the orientation of the carbon fibre which is orientate at 0.A9 radians from the vertical plane. Draw and label the element's normal and shear stresses acting on the carbon fibre...
One gift of growing older is enriched perspective. What might these people be able to share that two 20-year-olds cannot?
X-1 Find the domain of the function f(x) : x 1 2 - O (-00, -1) U (-1, ) O (-00, 1) U (1, ) O -00, -1) U (-1, 1) U (1, 0) O (- 1, 1)
List guidelines for suggesting wines to accompany menu items. LO-3..
Custom Computers holds a 120-day note of $8,000 that has an interest rate of 6% annually. After 60 days, the note is sold to a bank at a discount rate of 5% annually. Find the proceeds on the...
Find the exact interest on a loan of $850 at 11 % annually. The loan was made January 15 and was due March 15.
Michael Denton has a simple discount note for $2,000, at an ordinary bank discount rate of 12%, for 240 days. What is the effective interest rate? Round to the nearest tenth of a percent.
Transcribed image text
QUESTION 20 Assume a company reported the following results Sales Net operating income Average operating assets Margin Turnover Return on investment (ROI) 5300,000 2 $240.000 40% ? 2 What is the net...
2. Using the graph provided below, determine the fixed cost, the total variable cost, the variable cost per unit, and the TOTAL COST to produce 60 units. Fixed Cost ______________ Variable Cost...

A $40 000, 15-year promissory note dated June 1, 2010, bearing interest at 12% compounded semi-annually is

Question:

Step by Step Answer:

Due date 20250601 Maturity value 40 00000106 30 40 000005743...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions