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Unformatted text preview: 7500 180 361.96 9.21% Discount period for a promisary note loan made on length(days) discount Discount period 4Oct 60 5Nov 28 proceeds for a promisary note discounted maturity value discount rate discount period Discount net proceeds 2200 0.1 120 69.67 2130.33 Loan made face value length(days)rate date of Discount discount rate 22Mar 8000 220 0.07 2Jun 0.08 Loan made maturity value length(days)rate date of discount 18Jan 24100 150 0.09 10Apr2130.33 difference maturity value(ord) 1.92 6440.04 Finance charce n 110 10 731.00 nt Procedes Loan Amount (amount added) 17766 18234 interest Maturity value discount period (days) 342.22 8342.22 148 bank discount initial proceeds 853.54 23246.46 17Jun discount amt net Proceeds 274.37 8067.86 discount period 150...
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This note was uploaded on 12/30/2009 for the course MATH 1220 taught by Professor Roarty during the Spring '09 term at Metropolitan Community College Omaha.
 Spring '09
 Roarty
 Math

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