A $9,440 note is signed, for 100 days, at a discount rate of 9.5%. Find the proceeds. A) $9,190.89 B) $8,543.20 C) $9,440.00 D) $9,194.30
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- Select 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. $ 712.21Give true solution for this accounting questionCalculate the amount of interest to be charged on a $12,000, 8.5%, 90-day interest-bearing note.