Identify the last date of the discount period and the credit period for the payment terms with ordinary dating. Invoice Date: August 22, 2021 Payment Terms: 3/10, 2.5/30, n/60 a. What is the last date of discount period? o September1, 2021 o September 21, 2021 o September 5 , 2021 b. What is the last date of credit period? n October 6, 2021 October 21, 2021 September 21, 2021

Q: Using the EOM, ROG, and Extra dating methods, calculate the discount date and the net date for the…

A: The terms , ,60 extras give the retailer 70 days (10+60) from February 11 to take the cash discount…

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A: Given data : Number of payments = 18  Number of payments made = 2

Q: On March 11th, Tim signed a 90-day, $3,000 simple interest loan earning 8%. Find the maturity date,…

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Q: Calculate the missing information for the installment loan that is being paid off early. Sum-of-the-…

A: Given data: The numbers of payments are n=36. The payment already done is p=21. The expression for…

Q: .. Determine the Actual and Approximate number of days in the given origin and repayment dates.…

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Q: On April 13, Michelle Lizaro borrowed $3,000 from her credit union at 9% for 100 days. The credit…

A: Given that on April 13, Michelle Lizaro borrowed $3000 from her credit union at 9% for 100 days.…

Q: Calculate the missing information for the loan. Round percents to the nearest tenth and days to the…

A: GIVEN: THE PRINCIPAL AMOUNT IS $3100 , TIME PERIOD OF LOAN IS 161 DAYS, INTEREST AMOUNT IS $220

Q: Calculate the credit given for the partial payment and the net amount due on the invoice (in $).…

A: Given: Amount of invoice                   = $5998.20 Cash discount Rate                  = 4%…

Q: Find the amount of interest and the maturity value of the following loan. Show your work. Principal…

A: Principal Rate (%) Time $45,125 .0825   15 months

Q: at payment on January 31, 2014 will settle an invoice for $3,400 dated January 27, 4 and payment…

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Q: Susan Company received an invoice for $77,000.00 that had payment terms of 2/5 n/30. If it made a…

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Q: Calculate the credit given for the partial payment and the net amount due on the invoice (in $).…

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Q: Amount of Terms of Partial Credit for Net Invoice Sale Payment Partial Payment Amount Due $8,303.00…

A: Amount of invoice = $ 8303 Terms of sale      = 2/10, n30 ,which means 2% of discount will be given…

Q: Calculate the missing information for the loan. Round percents to the nearest tenth and days to the…

A: Given that the interest= I= 730 P=principle= 17000 r=interest rate=13%=0.13 t=time=? (in years)

Q: Calculate the missing information for the loan. Round percents to the nearest tenth and days to the…

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Q: Calculate the missing information for the loan. Round percents to the nearest tenth and days to the…

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Q: 1. Determine the Actual and Approximate number of days in the given origin and repayment dates.…

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Q: For the following ordinary​ annuity, determine the size of the periodic payment.

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Q: Scarlet Company received an invoice for $62,000.00 that had payment terms of 3/5 n/30. If it made a…

A: Given Invoice amount = $62,000.00 Payment terms 3/5 n/30 Partial payment = $17,700.00

Q: Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using…

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Q: Using the ordinary dating method, calculate the discount date and the net date for the transaction.…

A: Given Date of Invoice = July 11 and 3/20 , n/45

Q: Find the discount period.  35) Loan made: July 14 Length of loan: 180 days Date of discount: Sep…

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Q: Find the monthly house payments necessary to amortize a 9.6% loan of $266,200 over 15 years. The…

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Q: the balance due on the note at the date of maturity. Partial Payment Principal Rate Effective Date…

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Q: Syaherah is applying for a RM50,000 hire purchase from BCD Bank. The interest rate of the loan is 6%…

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Q: An invoice is dated June 17 with terms 3/10-

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Q: Use 15.5% interest to findthe payment for the following loan. Purchase price, $4,195; down payment,…

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Q: Determine the number of days of the loan. Loan Date Due Date Number of Days March 6 July 29

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Q: For the following ordinary​ annuity, determine the size of the periodic payment.   Future Value…

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Q: Calculate the monthly mortgage payment with the following conditions: $230,000 borrowed, 6.35%…

A: image is attached with detailed solution.

Q: Determine the number of days of the loan. Loan Date Due Date Number of Days June 22 October 10

A: Given information is :

Q: 1.Your 6 month insurance premium is $600. You are on a monthly payment plan and have a $5 surcharge…

A: we have given 6 month insurance premium is $600 that is 1 month payment =$6006=$100on each payment…

Q: Calculate the monthly finance charge long. (Round your answers to the nearest cent.) for the credit…

A: Given information Principal balance P=$6,000 Interest rate r=15% ⇒r=15100=0.15 (a) We have to find…

Q: Find the maturity value on a loan of $2,500 at 11.5% interest, for 84 months. Use the formula MV = P…

A: Given:        Principal p=$2,500       Rate of Interest r=11.5%…

Q: Three invoices for the amounts of $36,800, $26,400, and $41,150 were dated March 22, 2017, April 21,…

A: We have to find the amount that must be paid on May 21, 2017 to settle all three invoices.

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Q: Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using…

A: Here is the Answer and Explanation

Q: Using the ordinary dating method, calculate the discount date and the net date for the transaction.…

A: Given date of Invoice: September 3 Given terms of sale: 2/10,n/45 Here 2/10,n/45 implies that the…

Q: Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using…

A: Given the amount financed is $6,400. Annual Percent Rate(APR) is given as 11% Number of payments is…

Q: Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days…

A: Given Balance = $300 APR = 17% Payment = $50

Q: Using the EOM, ROG, and Extra dating methods, calculate the discount date and the net date for the…

A: The discount period starts on November 28, the date of receive. Then the discount date in terms of,…

Q: Calculate the gross earnings per pay period for the following payment schedule. Round dollars to the…

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Q: A partial payment is made on the date indicated. Use the United States rule to determine the balance…

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Q: Invoice Price of $21,400 Payment Terms of 6/15  n/45 What is the net amount due if Partial Payment…

A: Given: Invoice Price of $21,400 Payment Terms of 6/15  n/45 To determine: The net amount due if…

Q: Using the EOM, ROG, and Extra dating methods, calculate the discount date and the net date for the…

A: The discount period starts on November 28, the date of receive. Then the discount date in terms of…

Q: tial payment is made on the date indicated. Use the United States rule to deten Effective Date Jan.…

A: The total amount is $3400. The interest percentage is 4.5%. The partial amount deposit on 1 may is…

Q: On March 11, Tim signed a 90-day, $3,000 simple interest loan earning 13% ordinary interest. Find…

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Q: Using the ordinary dating method, calculate the discount date and the net date for the transaction.…

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