Im taking this 4 week class and am surprisingly ahead of schedul. Im stuck on this problem. I worked outthe answers but am nto sure if mine are correct...so...
I am to solve for maturity value, discount period, bank period, and proceeds.Assume a bank discount rate of 9%
Maturity Value = I got 28750, is this right?
Discount period = 28 Days, is this right?
Bank Discount = 2012.5, is this right?
Proceeds = 26737.5, is this right?
2007-06-13
16:49:44
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3 answers
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asked by
mistista07
6