30) (HW) A note for $25 000 dated August 1, 2010, is due with compound interest at j,On November 1, 2011, the holder of the note has it discounted by a lender who charges j, = 7.5%.= 9% 4 years after date.What are the procceds?

Amount of the note = $25000 dated August 1, 2010 Compound interest = j12=9% Period = 4 years after…

Answered: 30) (HW) A note for $25 000 dated…

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

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You deposit $ 7,812 in your account today. You make another deposit at t = 1 of $ 6,946 . How much will there be in your account at the end of year 1 if the interest rate is 11.9 percent p.a.? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85). Your Answer:
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30) (HW) A note for $25 000 dated August 1, 2010, is due with compound interest at j, = 9% 4 years after date. On November 1, 2011, the holder of the note has it discounted by a lender who chargesj, = 7.5%. 12 What are the proceeds?