Use the banker's rule.
MJC Revised 1/2012 Page.
Follow 1 answer 1, are you sure you want to oprah's favorite things giveaway delete this answer?Proceeds from, simple, discount, note : Formula: Maturity Value Bank discount interest ) Proceeds Maturity Value: 7,000 Bank, discount :.50 7,000.50 6,912.50 Proceeds To calculate the proceeds take the maturity value and subtract the bank discount ( interest ) which will give you.International, what are the differences between a simple interest note and a simple discount note?A good example of a simple discount note is a Treasury bill, such as the one to the left, in which case the general public or companies, who buys the Treasury Bills, prestige gifting limited telephone number are the lenders and the government is the borrower.A man has a simple discount note for 6500, at an ordinary bank discount rate.84, for 50 days.Watch Queue, queue _count total loading.Harm to minors, violence or threats, harassment or privacy invasion, impersonation or misrepresentation, fraud or phishing, show more, additional Details If you believe your intellectual property has been infringed and would san miguel gift set morrisons like to file a complaint, please see our Copyright/IP Policy Report Abuse Cancel Answer.
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What is the effective interest rate?
Which type of note would have a higher effective rate of interest?
Maturity Value: 7,000 Bank, discount, rate: 5 Time: 13/52 in weeks 7,000.05 X 13/52.50 Bank discount interest ) To calculate the bank discount multiply the maturity value of the note time the rate time the weeks divided by 52 weeks and you will.
Sorry, something has gone wrong.Harm to minors, violence or threats, harassment or privacy invasion, impersonation or misrepresentation, fraud or phishing, show more, additional Details, if you believe your intellectual property has been infringed and would like to file a complaint, please see our.Note : The Borrower will receive the proceeds at the time the note is taken out and will pay back the maturity value when the loan is due to be paid back to the lender.Please try again later.This feature is not available right now.Round to the nearest tenth of a percent.Answers, report Abuse, i think this question violates the Community Guidelines.Bank, discount for a, simple, discount, note : Formula: Bank discount interest ) Maturity Value X Bank, discount, rate X Time of, note.Rating is available when the video has been rented.
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