Gabrielle purchased furniture for $3,500.00 and received an invoice dated May 5, 2011 with terms 1/15 n/30. What was the amount of cash discount available for a payment made on May 10, 2011 to settle the invoice? Round to the nearest cent

Q: find the monthly mortgage loan payment for a $187,000 loan at 4.0% for 20 years.

A: The objective of this question is to calculate the monthly mortgage payment for a loan of $187,000…

Q: Your friend is going to borrow $150,000 using a 30 year mortgage with a 4.25% APR. Which of the…

A: Monthly mortage payment formula for borrowing amount (M), years of mortage (t) and rate of interest…

Q: Mr. Dan Dapper received a statement from his clothing store showing a finance charge of $2.30 on a…

A: Given Information - Finance charge on previous balance = $2.30 Previous Balance = $100 We have to…

Q: Three years ago, Pete took out a loan of $55,000.  The loan was taken out for 10 years with an…

A:

Q: The simple interest due on a 2.5-year loan of $8,500 is $1,062.50. Find the monthly payments on the…

A:

Q: Mr. Dan Dapper received a statement from his clothing store showing a finance charge of $2.10 on a…

A: Solution is given below:-

Q: Find the total proceeds (in $) from the sale of 20 bonds with a coupon rate of 6.25 and a current…

A:

Q: Angela Montery has a five-year car loan for a Jeep Wrangler at an annual interest rate of 5.7% and a…

A: find explanation below

Q: Melissa Hernandez received an 8-year subsidized student loan of $25,000 at an annual interest rate…

A: We have given the amount of loan, the annual interest rate and the time period

Q: Ransford and Alda Mariano own a home recently appraised for $428,500. The balance on their existing…

A: The appraised value of the home is $428,500.

Q: Tristan Sandino sold a 4.85%, $1,000 bond 80 days after he had received the last interest payment.…

A: Annual Interest Calculation:Bond value = $1,000Annual interest rate = 4.85%Annual interest =…

Q: Paul Peters received a statement from the ABC Department Store showing a previous balance of $90. If…

A: Interest = (Rate of interest × Amount× Time)/100 Amount = $90 ROI = 2.5% Time = 1 Month

Q: A loan for $5,000 with a simple annual interest rate of 20% was made on September 13th and was due…

A:

Q: On September 26, 2010, Eric received $5,000 from his father. He settled this amount on March 6, 2011…

A: Given that on September  Eric received from his father. He settled this amount on March with…

Q: Three years ago, Pete took out a loan of $55,000.  The loan was taken out for 10 years with an…

A:

Q: Find the monthly payment on a VCR with an installment price of ​$976.44​, 12 monthly​ payments, and…

A:

Q: Magenta Company received an invoice of $19,200 for catering services at their annual company picnic.…

A: In this question, concept of discount is applied. Discount When a seller sells items to a buyer, the…

Q: Lois received a 9-year subsidized student loan of $39,000 at an annual interest rate of 4.625%.…

A: If you have any problem let me know in comment box thankyou.

Q: An invoice for $620 dated November 5 with payment terms of 3/10, 2/15, n/30, was paid in full on…

A:

Q: find the lump sum deposited today that will yield the same amount as monthly paymenst of  $100 with…

A:

Q: Justin received an invoice for $4,000 that had payment terms of 2/10 n/30. He made a partial payment…

A:

Q: Scarlet Company received an invoice for $77,000.00 that had payment terms of 2/5 n/30. If it made a…

A:

Q: Ransford and Alda Mariano own a home recently appraised for $426,500. The balance on their existing…

A:

Q: I signed a 10,000.00 simple discount promissory note at a bank. The discount rate was 6% ordinary…

A: The amount of proceeds is calculated as follows. Proceeds=Face Value - Discount   Obtain the…

Q: Anny takes out an installment loan to finance the purchase of a pickup truck costing $14,900. Her…

A: The amount Anny need to pay with 60 months is 285·60=$17100 .

Q: Joe I married and claims three allowances. The gross earnings on his last bi-weekly check were…

A: Gross earnings = $1895