Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 9311.73 is wrong (1 point) suzie wants to buy a

9311.73 is wrong (1 point) Suzie wants to buy a car for...

50.1K

Verified Solution

Question

Finance

image
9311.73 is wrong
(1 point) Suzie wants to buy a car for $9500. If she pays cash she receives a 7% cash discount. To get the cash she signs a 120-day non-interest bearing note. If the bank discounts notes at an interest rate of 6% what face value is needed on the note for Suzie to receive the cash she needs to buy the car? Answer: $ 9311.73

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A sample of a substance with the empirical formula XBr2 weighs 0.5210 g. When it is...

Chemistry
Q

In what ways does the environmental context of the hotels constrain or present opportunities for a...

General Management
Q

Please do this task by R. a) Revise the simulation shown in the lecture with the...

Basic Math
Q

M 12 Breaks hydrogen bands resulting in th formation of areplication fork during the process...

Biology
Q

7 A thin lens placed 30cm after an object form an image 25cm after it...

Physics
Q

A rod of length is oriented along the unit vector 1 1 k It is...

Physics
Q

Proton Deuteron and alpha particle of same kinetic energy are moving in circular trajectories in...

Physics
Q

Simplify the trigonometric expression 2 5 cos y 5 2 sec y

Algebra
Q

The fact that partnership assets are owned jointly by all partners is called: a. Mutual...

Accounting
Q

Sandhill Electric Inc. has the following amounts included in its general ledger at December 31,...

Accounting
Q

A.) prepare net pay for the 2 August payperiods b.) report general journal with all...

Accounting
Q

Matthews Produce harvests and sells Florida oranges. Matthews has hired you to determine its return...

Accounting