Need help with 15, 17, & 21
20 PICHASE An EsxonMobil employes lark $6000e the h e TAX PAYMENT Managers at Benson A plans po repay the a %" find (a) the discount and (b) (a) 1320 $6000-$220-17 note for six months for funds to months- f pary corponie income taxes. It and tbi the is 8.5%, find ( TREE FARM To plant Christmas trees in another field, Ton Parsons signed 15 ith a face value of $25.00) at aa 11%discount rate. Find hrhof0e kanin days if the discount is $1527.78 WEB-PAGE DESIGN Jessica Hernandez was unable to collect funds owed her tom a us1 lo- oumer that declared bankruptcy. The shortage of cash forced Hemande w sign a 512.208 pole at a discount rate of i 1% 10 pay her bills. She was told the imoes, would be sass 94 Find the length of the loan in days 1. CASINO Wyatt Construction borrowed $157.25 million daring the censtraction phase of adding a wing to a casino in Las Vegas. Management signed a 20-day noe with a face value of S170 million. Find the discount rate. 1S. CELL PHONES Ben Dayton needed funds to open a celf phone sacee and his encle agroed 1 to put up collaceal fo ti a value of $12,000 and proceods of S11.523.33. Pind the discount rate 19 19, NEW ROOF Roy Gerard needs $7260 to pay for a new roof on his small home. His haak loans hira taoney at a discount rate of 12%, and the loan is for 240 days F d tr value of the loan so he will have $7260 $98,300 for trucks and sprayers needed to spray yards with fertilizers and pesticides. The simple discount note has a 9.25% rate and matures in 150 day. Find he lee value of he loan needed 20. TRUCKS & SPRAYERS A regional manager at Trugreen, Inc. authorizes the borowing of 20. (b) whe, she uses some collateral. Still, the bank charges a 12% discount rate Fnd(a) the procends bank Cathy Cox has poor credit but she found a bank that will lend her $4200 a effective interest rate charged by the if the note is for 10 months and (b) the