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

what was the final step president polks plan to defeat Mexico
Organisms are ________ by how they get energy ? a. chosen b. grouped c. paired d. separated
Which of the following type of meat is included in a healthy diet? a. high fat. b. lean. c. pork only. d. red only.
a contractor was hired to remodel a kitchen. she can complete 3/8 of the kitchen remodeling project in one day. how much of the kitchen is left to remodel after
which of the following describes a major religious contribution of the muslim conquest of parts of india and Pakistan
I really need help with this I don't know how to do it
The _________ was created in response to trying to decide if slaves should be considered when determining population rates. What are the first ten amendments t
How has air pollution contributed to the decline in caribou populations?
President Franklin Roosevelt declared a five-day “bank holiday” to
The product of 9 and a number increased by the product of 12 and that number decreased by the product of the sum of all and 23 times 9