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Business Math Project...?
i don't have a clue of how to solve this!!!
1. michael, a businessman wants $6000 for 90 days . What is the size of a loan which he should apply for if his bank charges a discount rate of 6 1/4% ?
2. A financial obligation of $4000 is due in 5 months. What is the value of this obligation at a discount rate of 5 3/4%?
3. Raul a broker receives a note for $5500, which is due in 90 days with interest of at 61/2% the note is discounted immediately at Republic Bank which charges 7% discount rate. What are the proceeds?
please please help? my teacher hasn't even taught us about this and she's asking us to solve it!!!!?!?!?!
my mom doesn't know,
my friends don't too,
i've searched the net........
i'm hopeless.
1 Answer
- 1 decade agoFavorite Answer
1 Ask your mom
2 ask your sister
3 look on a math book
4 look on the internet.
5 call your friend
