A PRICE TAG OF P2,600.00 IS PAYABLE IN 60 DAYS BUT IF PAID WITHIN 30 DAYS IT WILL HAVE A 4% DISCOUNT. FIND THE RATE OF INTEREST.

Q: A PRICE TAG OF P2,600.00 IS PAYABLE IN 60 DAYS BUT IF PAID WITHIN 30 DAYS IT WILL HAVE A 4%…

A: The question is based on the concept of Financial Management. Rate of Interest = Discount *…

Q: The discount yield of a 6-month T-bill with a face value of $1,000 is 4%. What is its price? O…

A: Note: All the Above mentioned given options are incorrect, so we are solving the question as per the…

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A: Introductory APR of 0% means that the card holder can make purchases or transfer a balance  without…

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A: The time value of money (TVM) is the concept that the money you have now is worth more than the…

Q: What is the maturity value for a discount note of $7,000, 120-day, with a discount rate of 6%?

A: Note discount is the difference between the face value (or principal amount) of a promissory note…

Q: 3. The price of a certain item is P1,000, payable in O days but if paid in 30 days there will be a…

A: Formula: Simple Interest = Principle X Rate X Time/365 days

Q: n item is 10000, payable in 10 days but if paid in 30 days there will be a P30 discount. Find the…

A: Simple interest = Principal * rate* time (n).

Q: Show me the solution please, thank you! ABC is deciding to give a cash discount of 1% if the…

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Q: ABC is deciding to give a cash discount of 1% if the customers pay on the tenth day. It originally…

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A: Introduction  installment payment system may  be defined as that type of payment method in which…

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A: PV(rate, nper, pmt, fv) function in excel is used to compute the required present value. Where;rate…

Q: nk will lend you $4,000 for 45 days at a cost of $50 interest. What is your effective rate of…

A: Effective interest rate is the interest rate after considering the impact of compounding on interest…

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A: According to the money's time value theory, cash is worth more now than it will be later. A future…

Q: A store will give a 2.5% disount on the cost of purchase if you pay cash today. The payment is due…

A: Effective annual rate (EAR) is a measure of the true annual interest rate that takes into account…

Q: You plan to take out a 9 month loan of $12mm in 6 months. The following schedule reports interest…

A: Forward Interest rate for 9 month loan in 6 months = [[(1+r15)/(1+r6)] - 1]*(12/n) r15 =  5 *15/12…

Q: What would be the money market yield earned at maturity of a six month bill issued at a  discount…

A: Assuming a value of $1000

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A: finance fee is the interest  pay on a loan you owe,If you carry a debt from one payment month to…

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A: Meaning of: Revolving credit - Revolving credit is an arrangement wherein an account holder can…

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Q: Jay Jenkins takes out a 10.5% simple interest loan today that will be repaid in six months from now…

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Q: the discount yield on a 3 month T-bill is 6.5%. assuming there are 360 days in a year, what is the…

A: Given: Face value = 1,000 Interest rate = 6.5% Period = 3 months or 90 days(3*30)

Q: ou have monthly interest rate of 1.65% and a balance on your credit card of 2000.00. If you paid the…

A: To determine the interest amount and percentage that goes towards reducing principle.  The amount of…

Q: security pays the holder $100 per month. What is the present value of the security if the next…

A: A future sum's present value is the current estimation of its worth. Investors determine the present…