Calculate the value of the simple commercial discount in the following situations: Nominal value of the security Discount rate Maturity period a)$25.000 36%per year 45 days b)$36.000 24%per year 180 days c)$14.500 30%per year 2 months
Calculate the value of the simple commercial discount in the following situations: Nominal value of the security Discount rate Maturity period a)$25.000 36%per year 45 days b)$36.000 24%per year 180 days c)$14.500 30%per year 2 months
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 16P
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Question
Calculate the value of the simple commercial discount in the following situations:
Nominal value of the security | Discount rate | Maturity period |
a)$25.000 | 36%per year | 45 days |
b)$36.000 | 24%per year | 180 days |
c)$14.500 | 30%per year | 2 months |
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