n May 4 Ariel signed a simple discount note for $3,500 at 31/2% for 60 days. Calculate the proceeds she will receive on May 4. Calculate the amount she will pay at maturity Determine the date it will be du
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On May 4 Ariel signed a simple discount note for $3,500 at 31/2% for 60 days.
- Calculate the proceeds she will receive on May 4.
- Calculate the amount she will pay at maturity
- Determine the date it will be due.
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- On March 12, Nada joined a saving account. Her bank will automatically deduct BD 200 from her checking account at the end of each month, and deposit it into her saving account, where it will earn 5 % annual interest. The account comes to term on December 1. Find the following: a. Find the future value of Nada’s saving account. b. Find Nada’s total contribution to the account. c. Find the total interest earned on the account. a. a.1899 b.1800 c. 99 BD b. a.1949 b.1900 c. 49 BD c. a.1149 b.1100 c. 49 BD d. a.1829 b.1800 c. 29 BD e. a.2839 b.2800 c. 39 BDOn March 12, Nada joined a saving account. Her bank will automatically deduct BD 200 from her checking account at the end of each month, and deposit it into her saving account, where it will earn 5 % annual interest. The account comes to term on December 1. Find the following: a. Find the future value of Nada’s saving account. b. Find Nada’s total contribution to the account. c. Find the total interest earned on the account.On May 4 Ariel signed a simple discount note for $3,500 at 31/2% for 60 days. Use the simple interest formula to calculate the amount of interest Ariel will pay using ordinary interest.
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- On September 8, Bert Sarkis joined a Christmas club. His bank will automatically deduct $65 from his checking account at the end of each month and deposit it into his Christmas club account, where it will earn 7% interest. The account comes to term on December 1. (a) Find the future value of the account, using an annuity formula. (Round your answer to the nearest cent.) $ (b) Find the future value of the account, using the compound interest formula. (Round your answer to the nearest cent.) $ (c) Find Bert's total contribution to the account. $ (d) Find the total interest. (Round your answer to the nearest cent.) $On July 3, Sherri signed a 3-month, $12,000 simple interest loan earning . Find the maturity date, interest, and maturity value. Interest is 12.5%.On February 05, 2020, Janet signed a 5- months Simple Interest Bank Note with a face value of $20,000.00 for her business. If the rate of the note was 10%, Find: - The maturity value of the note. b- The due date of the note TRADE DISCOUNT
