{"id":75371,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/a-man-makes-a-simple-discount-note-with-a-face-value-of-2300-a-term-of-160-days-and-a-18-discount-rate-find-the-discount-use-the-bankers-rule"},"modified":"2017-08-18T07:01:25","modified_gmt":"2017-08-18T07:01:25","slug":"a-man-makes-a-simple-discount-note-with-a-face-value-of-2300-a-term-of-160-days-and-a-18-discount-rate-find-the-discount-use-the-bankers-rule","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/a-man-makes-a-simple-discount-note-with-a-face-value-of-2300-a-term-of-160-days-and-a-18-discount-rate-find-the-discount-use-the-bankers-rule\/","title":{"rendered":"A man makes a simple discount note with a face value of $2300, a term of 160 days, and a 18% discount rate. Find the discount. (Use the banker\u2019s rule)"},"content":{"rendered":"<p><a class=\"man-makes-simple-discount-note-face-value-2300-term-160-days-18-discount-rate-find-discount-use-bankers-rule\/\"><\/a> <\/p>\n<p>11. A man makes a simple discount note with a face value of $2300, a term of 160 days, and a 18% discount rate. Find the discount. (Use the banker\u2019s rule)<\/p>\n<p>12. A man has a simple discount note for $6600, at an ordinary bank discount rate of 8.72%, for 40 days. What is the effective interest rate? Round to the nearest 10th of a percent. (Use banker\u2019s rule)<\/p>\n<p>13. A man holds a note of $5000 that has an interest rate of 13% annually. The note was made on March 16 and is due November 14. He sells the note to a bank on June 12 at a discount rate of 12% annually. Find the proceeds on the third-party discount note. (Use the bankers rule)<\/p>\n<p>16. Tom Bond borrowed $6200 at 5 \u00bd% for three years compounded annually. What is the compound amount of the loan and how much interest will he pay on the loan?<\/p>\n<p>22. Compute the amount of money to be set aside today to ensure a future value of $4300 in one year if the interest rate is 8.5% annually, compounded annually.<\/p>\n<p>23. Ronnie Cox has just inherited $27,000. How much of this money should be set aside today to have $17,000 to pay cash for a Ventura Van, which he plans to purchase in one year? He can invest at 1.7% annually, compounded annually.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>11. A man makes a simple discount note with a face value of $2300, a term of 160 days, and a 18% discount rate. Find the discount. (Use the banker\u2019s rule) 12. A man has a simple discount note for <a href=\"https:\/\/www.benedictsol.com\/blogs\/a-man-makes-a-simple-discount-note-with-a-face-value-of-2300-a-term-of-160-days-and-a-18-discount-rate-find-the-discount-use-the-bankers-rule\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-75371","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/75371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=75371"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/75371\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=75371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=75371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=75371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}