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3 years ago

Find the proceeds for the simple discount note.

2 answers:

5 0

Given:
Face Value $15,000
Discount rate 6.5%
Term 70 days

Discount for a simple discount note:
Discount = Maturity Value * Discount Rate * Term of Note
Discount = 15,000 * 0.065 * 70/360
Discount = 189.58

Proceeds from Simple Discount note:
Proceeds = Maturity Value - Discount
Proceeds = 15,000 - 189.58
Proceeds = 14,810.42

The proceeds for the simple discount note is $14,810.42. Choice C.

Dmitry [639]3 years ago

4 0

Answer:

Step-by-step explanation:

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3 years ago

2 If A= 4 3 find A1 using elementary row operations.

MA_775_DIABLO [31]

Answer: $A^{-1}=\left[\begin{array}{cc}\frac{3}{2}&-\frac{1}{2}\\-2&1\end{array}\right]$

Step-by-step explanation:

$\left[\begin{array}{cc}2&1\\4&3\end{array}\right]=\left[\begin{array}{cc}1&0\\0&1\end{array}\right]$

$\dfrac{1}{2}Row\ 1\rightarrow\left[\begin{array}{cc}1&\frac{1}{2}\\4&3\end{array}\right]=\left[\begin{array}{cc}\frac{1}{2}&0\\0&1\end{array}\right]$

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$Row\ 1-\dfrac{1}{2}\ Row\ 2 \rightarrow \left[\begin{array}{cc}1&0\\0&1\end{array}\right]=\left[\begin{array}{cc}\frac{3}{2}&-\frac{1}{2}\\-2&1\end{array}\right]$

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4 years ago