Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. elun mosk wants to discount a $12,850, 225-day not

Elun Mosk wants to discount a $12,850, 225-day note at 6% at his bank at...

80.2K

Verified Solution

Question

Accounting

Elun Mosk wants to discount a $12,850, 225-day note at 6% at his bank at a discount rate of 4% on day 200. What are his proceeds?

Note: Round intermediate calculations and final answer to the nearest cent. Assume 360 days in a year.

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 jet airliner, flying initially 300 mi/hr due east, suddenly enters a region where the...

Calculus
Q

Under what circumstances would you use electroconvulsive therapy (ECT)? -- In essay form

Psychology
Q

“World War II reshaped ideas about American nationality.” Assess the validity of this statement by comparing...

Psychology
Q

A circle with center 7 2 and radius of 13 is graphed below WILII the...

Geometry
Q

Suppose that E and F are two events and that N E and F 250...

Statistics
Q

Part 1 ofA box with a square base and open top must have a volume...

Calculus
Q

Question 6 Verify the matrix is symmetric Find the eigenvalues of the matrix For each...

Algebra
Q

Find the solution to the following absolute value inequality.-2x + 5 ? 6Give your answer...

Algebra
Q

How does the graph of f x x 2 4 6 compare to the parent...

Algebra
Q

At the end of last year, Lee Company had 40,000 units in its ending inventory....

Accounting
Q

The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $660,000;...

Accounting
Q

Moving to the next question prevents changes to this answer. Question 27 of 50 Question...

Accounting