Seven-month promissory note

Assignment Help Mathematics
Reference no: EM131113436

1) When Edgar borrowed $2300, he agreed to repay the loan in two equal payments, to be made 90 days and 135 days from the day the money was borrowed. If interest is 9.25% on the loan, what is the size of the equal payments if a focal date of ‘date of issue' is used? (6

2) What is the future value of a $1200 promissory note if issued on July 18, 2013, at 6.5% for 111 days?

3) Mr. Doss borrowed $15,000 on August 12. He paid $6000 on November 1, $5000 on December 15, and the balance on February 20. The rate of interest on the loan was 10.5%. How much did he pay on February 20th?

4) The maturity value of a seven-month promissory note issued July 31, 2009 is $2219. What is the present value of the note on the date of issue if interest is 9.00%?

Reference no: EM131113436

Questions Cloud

What is your computed test statistic : If you're testing to find if a larger proportion of agents believe that the economy is expanding this month, what is your computed test statistic?
Comprehensive receivables problem braddock inc : The $1,500,000 note receivable is dated May 1, 2009, bears interest at 9%, and represents the balance of the consideration received from the sale of Braddock's electronics division to New York Company.
Describe the currency transaction that omni should undertake : Describe the currency transaction that Omni should undertake to eliminate currency risk over the 30-day period. Calculate the following: The CHF/ZAR cross-currency rate Omni would use in valuing the Swiss equity portfolio. The current value of Omni's..
Derive an expression for the force on the plunger : Consider the solenoid with a core of square cross section shown in Figure P12.4.6.
Seven-month promissory note : The maturity value of a seven-month promissory note issued July 31, 2009 is $2219. What is the present value of the note on the date of issue if interest is 9.00%?
Discuss the types of restrictions and limitations : Review and discuss the types of restrictions and limitations imposed by state and local governments. Present the arguments both for and against public smoking bans, including economic based arguments
Interest rate on the statement : 1) State r and t for: rate is 8.25%; time is 10 months. 2) Compute the amount of interest: $940.50 at 6.5% from October 12, 2013 to April 24, 2014. 3) Determine the deposit that must be made to earn $44.44 (interest) in 225 days at 3.15%.
Explain how resource-based competitive advantage drives : Explain how resource-based competitive advantage drives globalization strategies for Fortune 500 firms. Why are application of project management principles critical to effective business operations?
Examine and discuss the impact of biological health : Examine and discuss the impact of biological health or illness on social, psychological, and physical problems from the micro, mezzo, and macro perspectives.

Reviews

Write a Review

Mathematics Questions & Answers

  Use compatible numbers to estimate the weight of the second

What is the total weight of two boxes us 147 pounds. The first box weighs 52 pounds. Use compatible numbers to estimate the weight of the second box.

  Find the values of the trigonometric functions of t

Find the values of the trigonometric functions of t from the given information.

  Use cofactor expansion to show that the determinant

1.Use cofactor expansion to show that the determinant of an n × n matrix is a linear function of its first column. Also show that it is not a linear function of its argument, the matrix itself.2.Use cofactor expansion to show that the determinant of ..

  What is the z-score for a value

Assuming that the data are normally distributed with a mean of 45 and a standard deviation of 3.25, what is the z-score for a value of 40?

  Statistics- linear and multilinear regressions

Statistics: linear and multilinear regressions, The personnel director for a local manufacturing firm has received complaints from the employees in a certain shop regarding what they perceive to be inequities in the annual salary for employees who..

  What is the probability that all would be wearing their seat

Eighty percent of all California drivers wear seat belts if three drivers are pulled over what is the probability that all would be wearing their seat belts?

  Quadratic fucntions and models section

Quadratic fucntions and models section

  Create the income statement which shows both gross profit

shown below is summarized data for a company for the year end december 31.sales of merchandise for

  How many medical test kits were sold last year

This year, 100 million test kits are expected to be sold. This represents a 122% increase form the number of kits sold last year. How many medical test kits were sold last year?

  How many different photos will the photographer need to take

Five people want a photographer to take pictures of every possible group of three of them - How many different photos will the photographer need to take.

  Express the admittance in both rectangular and polar forms

Express the admittance in both rectangular and polar forms.

  Explain find and interpret the c-intercept for the line

Dental services. The national cost C in billions of dollars for dental services can be modeled by the linear equation C  2.85n  30.52, where n is the number of years since 1990

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd