1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Viktor [21]
3 years ago
9

determine the proceeds of a 10year promissory note discounted after after 4 years at 6% compounded quarterly with a maturity val

ue of $6000​
Mathematics
1 answer:
kenny6666 [7]3 years ago
5 0

Answer:

The Proceeds of maturity after 10 years is $1613.4

Step-by-step explanation:

Given as :

The maturity value = $ 6000

The rate applied at 6 % compounded quarterly

The Time period = 4 years

Now,

Amount = Principal × (1+\dfrac{\textrm Rate}{4\times 100})^{\textrm 4\times Time}

Or, Amount = 6000  × (1+\dfrac{\textrm 6}{4\times 100})^{\textrm 4\times 4}

Or, Amount = 6000 × (1.015)^{16}

Or,  Amount = 6000 × 1.2689

∴  Amount = $ 7613.4

So, The proceeds after 10 years = $ 7613.4 - $ 6000 = $ 1613.4

Hence The Proceeds of maturity after 10 years is $1613.4   Answer

You might be interested in
Blank3-2Blank=71...what is the answer? Answer please
ollegr [7]
I think it’s 60 if that’s what your asking
6 0
3 years ago
Write the facts family numbers 15,5,and 3
Arada [10]
15 is 3,5 and 5 is just 1 and 3 is 1
4 0
3 years ago
Manuel climbs a tower from ground level to an elevation of 135 1/2 ft he climbs down 27 1/2 ft how far is Manuel from the ground
Helen [10]

Answer: 108 feet

Step-by-step explanation: (135.5-27.5) = 108 feet

4 0
2 years ago
Read 2 more answers
I NEED HELP THIS IS DUE ASAP
UNO [17]

Answer:

Proportional

Unproportional

Step-by-step explanation:

85 -6 = 79

79 -6 = 73

73 -6 = 67

1.49 +10 = 1.59

1.59 + 30 = 1.89

6 0
3 years ago
Read 2 more answers
HURRY PLEASE
jok3333 [9.3K]

Answer:

m= -1

Step-by-step explanation:

When writing an equation of a line, if I know more than one point, does it matter. The first method is to us the slope-intercept equation and plug in values to solve for b. 5. The slope-intecept equation would be y = 34 x + 2 (y−5)=34x−3 (isolate y). What is the equation in point-slope form of the line given (-2,3);

6 0
3 years ago
Read 2 more answers
Other questions:
  • The ordered pairs model an exponential function, where w is the function name and t is the input variable. {(1, 60), (2, 240), (
    14·2 answers
  • What is the probability of picking an ace of spades in a deck of cards (That has 52 cards in it) write your answer as a fraction
    11·2 answers
  • B<br> 34<br> 16<br> A<br> C<br> 30<br> cos A-
    14·1 answer
  • The map of a park shows that the swings are 9 inches away from the monkey bars. The scale of the map is 2 inches represent 5 met
    8·1 answer
  • Please help me asap ​
    15·1 answer
  • Slope= -1/2 Line passes through the point (9,8). Write equation with point slope form
    15·2 answers
  • Geometry - Isosceles &amp; Equilateral Tirangles<br><br> Solve for x *
    9·2 answers
  • I don't understand the question.
    15·1 answer
  • A beverage dispenser contains 15,000 milliliters of iced tea. How many liters of iced tea does the beverage dispenser contain?
    12·2 answers
  • Find the area of the shaded region.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!