Answer:
(3,-4)
Step-by-step explanation:
Given:
Proceeds = $14,500
discount rate = 11%
term = 150 days
Simple discount note:
Discount = Maturity Value * discount rate * term
Proceeds from simple discount note:
proceeds = Maturity Value - discount
We will have to work back:
Discount = Maturity Value * 0.11 * 150/360
Discount = Maturity Value * 0.045833
Discount is 0.045833 of the Maturity Value. The proceeds is net of the Discount so we simple deduct 0.045833 from 1 to get the portion of the proceeds as compared to the Maturity Value.
14,500 / (1-0.045833) = 14,500 / 0.95416 = 15,196.61
My figure is nearest to choice A. $15,196.51
Answer:
I'm pretty sure it is 11664
Step-by-step explanation:
Answer:
y=0. 24x + 12. 7
Step-by-step explanation:
since you start with 12. 7 and gain .24 each year, you would multiply the years by. 24 and just add the 12. 7 I hope this makes sense. also I love your profile picture :)
Answer
10
Step-by-step explanation:
