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The following interest-bearing promissory note was discounted at a bank by the payee before maturity. Use the ordinary interest method, 360 days, to calculate the
The following interest-bearing promissory note was discounted at a bank by the payee before maturity. Use the ordinary interest method, 360 days, to calculate the missing information. (Round dollars to the nearest cent.) Face Value Interest Rate (%) Date of Note Maturity Term of Note (days) Maturity Value (in $) Date $1,270 7.3 Sept. 13 130 ---Select--- $ Date of Discount Discount Period (days) Discount Rate (%) Proceeds (in $) Dec. 6 11.9 $ If you purchase $26,000 in U.S. Treasury Bills with a discount rate of 4.5% for a period of 26 weeks, what is the effective interest rate (as a %)? Round to the nearest hundredth percent. % JAB Consulting received a promissory note of $13,500 at 7% simple interest for 15 months from one of its customers. After 6 months, Grove Isle Bank discounted the note at a discount rate of 6% Calculate the proceeds (in $) that JAB Consulting will receive from the discounted note. (Round your answer to the nearest cent.) $ The following interest-bearing promissory note was discounted at a bank by the payee before maturity. Use the ordinary interest method, 360 days, to calculate the missing information. (Round dollars to the nearest cent.) Face Value Interest Rate (%) Date of Note Maturity Term of Note (days) Maturity Value (in $) Date $1,270 7.3 Sept. 13 130 ---Select--- $ Date of Discount Discount Period (days) Discount Rate (%) Proceeds (in $) Dec. 6 11.9 $ If you purchase $26,000 in U.S. Treasury Bills with a discount rate of 4.5% for a period of 26 weeks, what is the effective interest rate (as a %)? Round to the nearest hundredth percent. % JAB Consulting received a promissory note of $13,500 at 7% simple interest for 15 months from one of its customers. After 6 months, Grove Isle Bank discounted the note at a discount rate of 6% Calculate the proceeds (in $) that JAB Consulting will receive from the discounted note. (Round your answer to the nearest cent.) $
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