Calculate the bank discount and proceeds for the following simple discount notes. Usethe ordinary interest method, 360 days, when applicable.Face Value Discount Rate (%) Term Bank Discount Proceeds$4,500 13 6 months $292.50 $4,207.50

Q: Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate…

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Q: Complete the following table for the simple discount notes. Use the ordinary interest method. (Round…

A: Maturity Value (MV) = $6000 Discount Rate ( r ) = 3.5% Time (n) = 160 days = 160/12 =…

Q: Compute (A) bank discount, (B) proceeds for the following simple discount (use ordinary interest),…

A: Face Value = $12,000 Discount Rate = 10% Time = 125 days

Q: Assuming a 360-day year, proceeds of $45,847 were received from discounting a $46,623, 90-day note…

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Q: Using ordinary interest, 360 days, calculate the missing information for the simple discount note.…

A: Formula: Bank discount = Face value x Discount rate x Time period Proceeds = face value - Bank…

Q: Assuming a 360-day year, proceeds of $48,750 were received from discounting a $50,000, 90-day note…

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Q: On July 31, 2020, Clear Company discounted at the bank a customer's 600,000 interest-bearing note,…

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Q: The bank discount of a 90 - day simple discount note for $ 18,000 with an 8\% discount rate is :

A: The conceptual formula is:

Q: Using ordinary interest, 360 days, calculate the missing information for the simple discount note.…

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A:

Q: On April 1, Year 1, Halo Co. issued a $5,000 face value discount note to the Capri Bank. The note…

A: Amount of cash received = Face value of the Note - Discount amount where, Discount amount = Face…

Q: Using ordinary interest, 360 days, calculate the missing information for the simple discount note.…

A: Simple discount note is a type of note which is usually issued by government for short term and on…

Q: Using ordinary interest, 360 days, calculate the bank discount (in $), proceeds (in $), and…

A: BANK DISCOUNT FORMULA: bank discount=face value×rate×time where, time is in years

Q: Using ordinary interest, 360 days, calculate the missing information for the simple discount note.…

A: Formula: Bank discount = Face value x Discount rate x Time period Multiplying face value , discount…

Q: You decide to discount a$5250, 345-day note at 3% to your bank at a discount rate of 4.5% on day…

A: Calculation of Proceeds:Assuming there are 360 days in a year.The proceeds are $5,309.80.Excel…

Q: The following interest-bearing promissory note was discounted at a bank by the payee before…

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Q: On july 31, 2020, Clear company discounted at the bank a customer's P 600,000 interest-bearing note,…

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Q: On June 30, 2020, Dive Company discounted at the bank a customer's P6,000,000, 6-month, 10% note…

A: Solution 1: Maturity value of note = P6,000,000 + P6,000,000*10%*6/12 = P6,300,000 Net proceeds from…

Q: Using ordinary interest, 360 days, calculate the bank discount (in $), proceeds (in $), and…

A: Bank discount = Face value*discount rate* term in days/total days Proceeds = Face value - bank…

Q: Assuming a 360-day year, proceeds of $52,258 were received from discounting a $52,919, 90-day note…

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Q: Using ordinary interest, 360 days, calculate the missing information for the simple discount note.…

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Q: Calculate the discount period for the bank to wait to receive its money: (Use Days in a year table):…

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Q: Calculate the discount period for the bank to wait to receive its money: (Use Days in a year table):…

A: Given data, Date of note = July 14th Lenght of note = 50 days date note discounted on = August 5

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Q: The following interest-bearing promissory note was discounted at a bank by the payee before…

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Q: Calculate the bank discount and proceeds for the following simple discount note. Use the ordinary…

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Q: On March 31, Dower Publishing discounted a $30,000 note at a local bank. The note was dated February…

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Q: Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate…

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Q: Assuming a 360-day year, proceeds of $45,552 were received from discounting a $46,830, 90-day note…

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Q: Mobile Co. issued a $59,421, 60-day, discounted note to Guarantee Bank. The discount rate is 11%. At…

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Q: Assuming a 360-day year, proceeds of $46,510 were received from discounting a $47,941, 90-day note…

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Q: Calculate the discount period for the bank to wait to receive its money: (Use Days in a year table):…

A: Days the note has remained outstanding is 20 days ((30 days-12 days) + 2 days).

Q: Anderson Co. issued a $48,947, 60-day, discounted note to National Bank. The discount rate is 7%. At…

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Q: On April 1, Year 1, Halo Co. issued a $5,000 face value discount note to the Capri Bank. The note…

A: Formula: Discount amount = face value amount x Discount rate

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Q: Determine the proceeds from each of the following discounted customer notes: a. An P8,000, 60-day,…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Using ordinary interest, 360 days, calculate the missing information for the simple discount note.…

A:

Q: Wenzy Company discounted its own ₱250,000 one-year note at a bank, at a discount rate of 12% when…

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Q: C company discounted its own 250,000 one year note at a bank, at a discount rate of 12% when the…

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Q: Using ordinary interest, 360 days, calculate the missing information for the simple discount note.…

A: BANK DISCOUNT =FACE VALUE ×DISCOUNT RATE ×TIME PROCEEDS=FACE VALUE - BANK DISCOUNT

Q: Calculate the bank discount and proceeds (in $) for the simple discount note. Use the ordinary…

A: Answer