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- 49. Treasury Bill A three-month $7600 T-bill carries a discount of $80.75. What is the discount rate for this T-bill?A 1,000 Treasury bills with 91 days period can be purchased at 995. What is the annualized discount rate? A• 5% B• 60% C• 2% D• 1.98%10. Comparing Costs of Checking Accounts. What would be the net annual cost of the following checking accounts? a. Monthly fee, $3.75; processing fee, $0.25 per check; checks written, an average of 22 a month. b. Interest earnings of 6 percent with a $500 minimum balance; average monthly balance, $600; monthly service charge of $15 for falling below the minimum balance, which occurs three times a year (no interest earned in these months). ype here to search 144 10 近
- A 1,000 Treasury bills with 91 days period can be purchased at 995. What is the annualized discount rate? • 2% • 5% • 60% • 1.98%A $10,000 credit supply has the following terms: trade terms are 5/5 net 50, interest rate 8%. What is the amount to pay if the buyer will take the discount and pay on the 5th day of the invoice? A. -14.234 B. -14,250 C. -14.260 D. -14,230Cash is borrowed on a 2-month note payable. If the interest cost to borrow is RO 400 what is the actual interest rate on this note? a. 12.00% b. 10.00% c. 20.00% d. 22.50%
- A supermarket charges 2.75% per month on credit purchases. What is the equivalent nominal annual interest rate? a. 33% O b. 36% O c. 0.229% O d. 2.75%23. What is the effective annual rate for a credit card Afghan United Bank that charges 20% compounded monthly? A. 19.38%. B. 21.94%. C. 23.98%so.4 A credit card has a $730 balance and a 18.44% annual percentage rate the minimum required monthly payment is 2.83% of the balance estimate the credit card balance after 54 payments.
- What is the effective interest rate of a simple discount note for $31,200, at an ordinary bank discount rate of 14%, for 30 days? Assume that there are 360 days in a year. The effective interest rate is %. (Round to the nearest tenth as needed.) E 4K What is the effective interest rate of a simple discount note for $27,100, at an ordinary bank discount rate of 16%, for 10 days? Assume that there are 360 days in a year. The effective interest rate is %. (Round to the nearest tenth as needed.) In m ac cogr (Co tateSelect the correct answer and explain What is the discount to a promissory note with a face value of $ 27,350? Consider that it is negotiated with the 6.25% annual simple discount, five months before expiring. a. $ 701.25 b. $ 721.66 c. $ 680.00 d. $ 712.21
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