1. On July 15, 1996, what will John receive on selling note to Ben to whom money is worth 4%compounded semiannually?July 15, 1995Three years from date, I promise to pay John Ordonez an orderPHPB,000 with accumulated interests from date at 3%compounded semiannually.(Signed) Samuel Garcia2. P25,000 was borrowed on May 15, 1996. It was to be paid on August 15, 1999 with accumulated interest at6% compounded quarterly. No payment will be made until August 15, 2000. What is due then if the creditordemands that interest shall be at the rate of 8% compounded semiannually after August 15, 1999?3. If money is worth 5 % % compounded semiannually, which obligation is the more valuable: a) e 7,500due at the end of 2 years, or b) 8,000 due at the end of 3 years?

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Answered: 1. On July 15, 1996, what will John…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Aa.51.
Christina Hercher borrowed $50,000 on a 90-day 8% note. Christina paid $3,000 toward the note on day 40. On day 60 she paid an additional $4,000. Using the U.S. Rule, Christina's adjusted balance after the first payment is: Multiple Choice $49,555.56 $444.44 $47,444.44
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Question 1 Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest rate. a) What is the implied per annual simple interest rate for her purchasing (expressed as a percentage and rounded to three decimal places)? Select one: a. 0.076 b. 0.032 c. 0.031 d. 0.088 Question 2 Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest rate. b) What is her selling price (rounded to four decimal places)? Select one: a. 98740.2903 b. 98634.0935 c. 98846.7161 d. 99317.7280 Question 3 Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest…
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1. On July 15, 1996, what will John receive on selling note to Ben to whom money is worth 4% compounded semiannually? July 15, 1995 Three years from date, I promise to pay John Ordonez an order PHP8,000 with accumulated interests from date at 3% compounded semiannually. (Signed) Samuel Garcia