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

The unit of charge is..... Teslas O volts joules coulombs
person responsible for tracking incomplete medical records? A. Personal digital assistant B. Librarian C. Health data analyst D. Correspondence manager
5x+1/3(3x+6)>14 solve for x
Can u help me with this pls
Answer the question below.
y + 3 = –y + 9 y=1 y=3 y=6 y=9
is there a connection between financial stability and power
how many pounds fit into one ton
What is the authors purpose in writing this paragraph?
which expression can be used find the surface area the following triangular prism // 10, 8, 6, 20