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please help. will like Solve the problem. Round rates to the nearest tenth of a percent, dollar amounts to the nearest cent, and time to
please help. will like
Solve the problem. Round rates to the nearest tenth of a percent, dollar amounts to the nearest cent, and time to the nearest day. Leon Harding receives proceeds of $5812 after signing a 90-day note for $5900. Find the discount rate. O 1.5% 6.0% 3.0% 4.0% Find the maturity date and proceeds. Round to the nearest cent. Face value: $5515 Discount rate: 12% Date made: June 19 Time: 90 days Maturity date: ? Proceeds: ? O Maturity date: September 17 Proceeds: $5349.55 Maturity date: September 19 Proceeds: $5349.55 O Maturity date: September 17 Proceeds: $3883.16 O Maturity date: September 19 Proceeds: $3883.16 Find the rate. Round to the nearest tenth of a percent. (ordinary interest) Principal: $26,000 Time: 60 days Interest: $459 10.6% 10.7% 1.8% 18.0% Solve the problem. Round dollar amounts to the nearest cent. Use ordinary interest unless otherwise indicated. Frank borrowed $56,443 from the bank at 8.6% for 360 days to expand his bike shop. Find the maturity value. $61,363.59 $61,297.10 $61,097.61 $61,365.47 Solve the problem. Round dollar amounts to the nearest cent. Use ordinary interest unless otherwise indicated. Anita Tooms bought a new computer system. To pay for the system, she borrowed $5730 from the credit union at 83 % interest for 115 days. Find the interest. $159.68 $504.24 $161.08 $158.87 Step by Step Solution
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