Practical Business Math Procedures
12th Edition
ISBN: 9781259540554
Author: Jeffrey Slater, Sharon Wittry
Publisher: McGraw-Hill Education
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Chapter 11.1, Problem 1PQ
(a)
To determine
The maturity value of the borrowed amount $ 12,000 on a non-interest-bearing.
(b)
To determine
The bank’s discount amount of the borrowed amount.
(c)
To determine
The warren’s proceeds of the borrowed amount.
(d)
To determine
The effective rate of the borrowed amount to the nearest hundredth percent.
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Let Χ be a real-valued character (mod k). Let
k
S = Σnx(n).
n=1
If (a, k) = 1,
ax(a)S = S (mod k).
(iii) Write k = 2ºq where q is odd. Show that there is an integer a
with (a, k) = 1 such that a = 3 (mod 2ª) and a = 2 (mod q).
Deduce that 12S = 0 (mod k).
Solve for 14
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Chapter 11 Solutions
Practical Business Math Procedures
Ch. 11.1 - Warren Ford borrowed $12,000 on a...Ch. 11.1 - Jane Long buys a $10,000, 13-week Treasury bill at...Ch. 11.1 - Warren Ford borrowed $14,000 on a...Ch. 11.1 - Prob. 2EPQCh. 11.1 - Prob. 1AHCh. 11.1 - Prob. 2AHCh. 11.1 - Prob. 3AHCh. 11.1 - Prob. 4AHCh. 11.1 - Prob. 5AHCh. 11.1 - Prob. 6AH
Ch. 11.1 - Prob. 7AHCh. 11.1 - Prob. 8AHCh. 11.1 - Prob. 9AHCh. 11.1 - Prob. 10AHCh. 11.1 - Prob. 11AHCh. 11.2 - Prob. 1PQCh. 11.2 - Prob. 1EPQCh. 11.2 - Prob. 1AHCh. 11.2 - Prob. 2AHCh. 11.2 - Prob. 3AHCh. 11.2 - Prob. 4AHCh. 11.2 - Prob. 5AHCh. 11.2 - Prob. 6AHCh. 11.2 - Prob. 7AHCh. 11.2 - Prob. 8AHCh. 11.2 - Prob. 9AHCh. 11.2 - Prob. 10AHCh. 11.2 - Prob. 11AHCh. 11.2 - Prob. 12AHCh. 11 - Prob. 1ECPCh. 11 - Prob. 2ECPCh. 11 - Prob. 3ECPCh. 11 - Prob. 4ECPCh. 11 - Prob. 5ECPCh. 11 - Solve for maturity value, discount period, bank...Ch. 11 - Calculate the effective rate of interest (to the...Ch. 11 - Carl Sonntag wanted to compare what proceeds he...Ch. 11 - Bill Blank signed an $8,000 note at Citizen’s...Ch. 11 - You were offered the opportunity to issue either a...Ch. 11 - Prob. 11ECPCh. 11 - The Treasury Department auctioned $21 billion in...Ch. 11 - There are some excellent free personal finance...Ch. 11 - Prob. 14ECPCh. 11 - Rex Corporation accepted a $5,000, 8%, 120-day...Ch. 11 - Prob. 16ECPCh. 11 - Prob. 17ECPCh. 11 - Prob. 18ECPCh. 11 - Assume that 3-month Treasury bills totaling $12...Ch. 11 - Tina Mier must pay a $2,000 furniture bill. A...Ch. 11 - On December 12, Lowell Corporation accepted a...Ch. 11 - Prob. 2PTCh. 11 - On July 14, Gracie Paul accepted a $60,000, 6%,...Ch. 11 - Lee.com accepted a $70,000, , 120-day note on July...Ch. 11 - Prob. 5PTCh. 11 - Prob. 6PT
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