jo1720
24.04.2020 •
Mathematics
A $2850, five-month promissory note with interest at 6.15% is issued on June 1, 2019. Compute the proceeds of the note on August 13, 2019 when money is worth 7.5%
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Ответ:
Proceeds = $2875.86
Step-by-step explanation:
- Legal due date: November 4
- Interest period: June 1 – November 4 = 156 days
S = P(1 + r*t) = 2850( 1 + 0.0615*156) = $2924.91
Proceeds:
Interest period: August 13 – November 4 = 83 days
P = ( = = $2875.86
Proceeds = $2875.86
Ответ:
9 is the outlier
Step-by-step explanation:
it is the furthest number away