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What proceeds did jones receive

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Problem 1: Bill Jones borrowed $6,000 for 90 days from First Bank. The bank discounted the note at 8.8 percent. What proceeds did Jones receive? (Do not round intermediate calculations, round answer to two decimals, i.e. 123.45)

Problem 2: You deposit $1350 in an account one time that compounds monthly at 4 percent. How much will you have in your account at the end of 9 years? (Do not round intermediate calculations, round nswer to two decimals, i.e. 123.45)

Reference no: EM132957007

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