The tag price of a certain commodity is payable in 100 days but if paid in 30 days there will be a 3% discount. Find the annual rate of simple interest. O 12.24% • 15.91% O 13.91% O 27.07%

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A: APR = 0.0925 or 9.25% Number of compounding (n) = 12 Effective annual rate (EAR) = ?   Effective…

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A: Using excel PV function

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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

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A: The effective interest rate is the rate of interest that is actually earned or paid on a loan or…

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Q: At a annual effective rate of interest i, payment of $100 from now,$200 two years from now and $100…

A: YearsCash flows0-$200.001$02$2003$04$100Required:Annual effective interest rate=?

Q: what is the time zero or right now value of $400 ordinary perpetuity an interest rate of 7.5%

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Q: 1) what is the discount yield on a 9-month T-bill sold for RM925, assuming there are 365 days in a…

A: T bill are sold at discount to face value the discount rate is YEILD on T bills.

Q: Find the present value of the given future amount.

A: Present Value: It represents the present value of the future sum of the amount. It is computed by…

Q: Amount of loan: 50,000 Annual payment: 10,000 Interest rate: 8% How many years will it take to pay…

A: Paying off the loan means repaying the loan completely. It includes paying the interest as well as…