On July 18, Aui Lester accepted a $15,000, 7 3/4%, 180-day note from Ryan O'Flynn. On October 5, Aui discounted the note at Brome Bank at 8 1/4%. What proceeds did Aui receive? Use ordinary interest.
Correct Answer:
Verified
Q41: Jill Corporation accepted a $16,000 note on
Q42: Compute bank discount using (A) ordinary interest,
Q43: On March 12, Bill Jones accepted a
Q44: Compute bank discount using (A) ordinary interest,
Q46: Tiffany purchased a $10,000, 13-week Treasury bill
Q48: Ralph Corporation accepted a $15,000, 11%, 120-day
Q50: Jill Jones borrowed $18,000 for 180 days
Q51: The bank discounts an $8,750 non-interest-bearing simple
Q55: Jay discounts a 100-day note for $25,000
Q60: Shelley Corporation discounted a $7,000, 90-day note
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents