BUS 111 - Business Math Calculations - Spring 2021 - 1776 Homework: Chapter 5 Homework Score: 0 of 1 pt 3 of 24 (2 complete) v 5.1.5 Calculate the monthly service charge to a business that had an average balance of $1989 and wrote 40 checks. Average Balance <$500 Per Check Charge Maintenance Charge $12.00 $0.20 $500-S1999 $7.00 $0. 16 The monthly service charge is S

BUS 111 - Business Math Calculations - Spring 2021 - 1776 Homework: Chapter 5 Homework Score: 0 of 1 pt 3 of 24 (2 complete) v 5.1.5 Calculate the monthly service charge to a business that had an average balance of $1989 and wrote 40 checks. Average Balance <$500 Per Check Charge Maintenance Charge $12.00 $0.20 $500-S1999 $7.00 $0. 16 The monthly service charge is S

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question 7 A promissory note to Bobby for $6000 at 7% annual simple interest from May 5 to September 5. i) Find the bank discount using exact time and ordinary interest. ii) Find the proceeds using ordinary interest.
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Exercise: 01 Issue a promissory note: ⑴Amount ￡3,026.00 ⑵Date and place of issue 8/August/2009，Guangzhou, China ⑶Tenor At 90 days after date ⑷Maker Guangdong Imp. & Exp. Co., Guangzhou ⑸Payee Chemicals Import & Export Company London ⑴Drawer Thames Enterprises Ltd., London ⑵Drawee The National Westminster Bank Ltd., London ⑶Payee Philips Hong Kong ⑷Date and place of issue 07/01/2001，London ⑸Amount GBP79,014 Exercise: 02 Issue a check: