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 · 3 answers · asked by mistista07 6 in Business & Finance ➔ Investing
Yes, they all appear to be correct as far as I can see!
GOOD LUCK...
2007-06-17 14:31:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Shaman a million) 16,342.seventy 2 at 3% and 20,290.22 at 5% 3) 6,461.fifty 4 4) $4,143.sixty six 12% is an unrealistic purpose ... I propose using 6% as a extra lifelike purpose interest cost. desire that facilitates
2016-11-23 19:38:48 · answer #2 · answered by ? 4 · 0⤊ 0⤋
You haven't shown us the original question, we can't help you.
2007-06-14 03:09:07 · answer #3 · answered by beesting 6 · 0⤊ 0⤋