Using the ordinary date method , calculate the discount date and the net date for the transaction. Date of invoice : May 11 Terms of sale : 3/20 , n45 What is the discount date(s) What is the net date

Q: Calculate the maturity value of a simple interest, 3-month loan of $3800. The interest rate is 6%.…

A:

Q: off early. Sum-of-the- Sum-of-the- Number of Payments Payments Remaining Rebate Digits Payments…

A:

Q: find the interest rate a loan of 8500 at 7% made on july 23rd and due on november 30 A. 211.92 B.…

A: Total interest = PxRxT Where P= principle amount R= Rate of interest T= Time

Q: Karen bought a $100,000 Face, 182-day Government of Kazakhstan T-bill for $90,931.74. He sold the…

A:

Q: Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days…

A:

Q: Principal: $8,600.00  Interest Rate: 11% Date borrowed: 10/25/2024 Date Repaid: 1/31/2025 Days…

A: Principal: $8,600.00 Interest Rate: 11%Date borrowed: 10/25/2024Date Repaid: 1/31/2025Days (ordinary…

Q: Use PMT= n -nt to determine the regular payment amount, rounded to the nearest cent. The cost of a…

A:

Q: Julius takes out a loan of $8,500, at 9.5% simple interest, for 3 months. What is the maturity value…

A: Interest , I=PRT100where P is the principalR is the rateT is time in yearsMaturity value =Amount…

Q: the balance due on the note at the date of maturity. Partial Payment Principal Rate Effective Date…

A: In the US rule, a year is assumed to have 360 days for the purpose of computation of interest.…

Q: Use 15.5% interest to findthe payment for the following loan. Purchase price, $4,195; down payment,…

A:

Q: Calculate the cash discount and the net amount due in $. Amount of invoice $14,660 Terms of sale…

A: Consider that the amount of invoice is $14660, 2% of cash discount is offered when the invoice is…

Q: Use PMT to determine the regular payment amount, rounded to the nearest cent. The cost of a home is…

A:

Q: Ordinary annuity, $175 monthly payment, 618% inter- est, eleven years.

A: P=Payment per period=$175r=Interest rate per period=618%=6.18n=Number of periods=11 years

Q: The annual effective interest rate is 5%.Find the monthly effective discount rate

A: To find the monthly effective discount rate, we need to convert the annual effective interest rate…

Q: 6 year non subsidized student loan of 31000 with an interest rate of 5.1% , calculate monthly…

A: Using the formula , M=Pi/1-1+i-N P= Principle  N= no. of payments(months) i=monthly rate i=annual…