fomulas interest - 7500 180 361.96 9.21% Discount period...

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Principle rate time(mo) Interest maturity value 5500 0.1 18 825 6325 Principle rate days ordinary(360) exact interest(365) 6300 0.08 97 140.04 138.13 Calculate Days First date second date days between 2-Jun 1-Jun -1 First date Days to add. date due 2-Jun 97 7-Sep Find the Principal Rate Time Interest principal(Ord) 0.11 200 475 8142.86 Find the Rate Pricipal Time(days) interest Rate 25200 120 700 8.33% Pricipal Time(mo) interest Rate 950 6 38 8.00% Find the time (days) Principle Rate Interest Time(days) 34400 0.08 860 120 Find the time (mo) Principle Rate Interest Time(mo) 3800 0.13 136.65 3.26 Cost excluding interest. Interest Rate Time cost w/o interest 110 0.11 50 7200.00 Face value Discount rateTime(days) Discount Procedes/Loan amoun 11970 0.11 75 261.84 11708.16
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Face value Discount date time(days) Maturity Date 18000 0.08 12-Feb 60 13-Apr Discount time. value discount rate discount value years days 34000 0.07 727.22 0.31 110 Discount rate face value need time(days) discount rate (days) 7861.96
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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 4-Oct 60 5-Nov 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 22-Mar 8000 220 0.07 2-Jun 0.08 Loan made maturity value length(days)rate date of discount 18-Jan 24100 150 0.09 10-Apr-2130.33 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 17-Jun 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.

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fomulas interest - 7500 180 361.96 9.21% Discount period...

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