sheant2 sheant2
  • 02-12-2017
  • Mathematics
contestada

A $8920 note is signed for 160 days at a discount rate of 6.5% find the proceeds

Respuesta :

meerkat18
meerkat18 meerkat18
  • 14-12-2017
Since it's not mentioned in the problem, it can be safely assumed that the discount rate is 6.5% daily. For this problem, we use the formula:

F = P(1+rn)
where
r is the discount rate
n is the number of days
P is the original amount

F = $8920(1+0.065*160)
F = $101,688
Answer Link

Otras preguntas

How u write an inequality for brigitte is shorter than 5 feet (brigitte height =h)
Polymers are formed by joining several units called monomers.what does the term monomer refer to? the answers are a unit made up of several compounds a unit ma
Identify the helping verb in the following sentence. I will work late tomorrow. A. Will B. Tomorrow C. Late D. Work
Which expression is equivalent to 16a + 24b ?
Show the work for 2 divided by 50
In marine west cost climate, ocean winds cause?
How many miles do you estimate it would be if you still the strip around the equator
A very active person uses a large amount of energy and therefore has a high A temperature B cholesterol level C fat diet d metabolism
Soccer is the most popular sport in the United States.
In a survey of 3,000 people who owned a certain type of car, 1,050 said they would buy that type of car again. What percentage of the people of the people surve