B. Blue discounts a 90-day note for $20,000 at 4%. The bank discount is (assume ordinary interest) :
A) $20,200
B) $19,800
C) $200
D) $2,000
E) None of these
Correct Answer:
Verified
Q54: Match the following terms with their definitions.
-Simple
Q55: Jay discounts a 100-day note for $25,000
Q56: An 8% 13-week Treasury bill would have
Q57: Match the following terms with their definitions.
-Line
Q58: Tiffany purchased a $10,000, 13-week Treasury bill
Q60: Shelley Corporation discounted a $7,000, 90-day note
Q61: On October 18, Blue Ridge Corporation accepted
Q62: Calculate the maturity value for this interest-bearing
Q63: Match the following terms with their definitions.
-Promissory
Q64: On May 12, Bob Campbell accepted a
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